EU Commission head Junker's advisor Catherine Day out with comments 26 June

  • UK not yet used to idea of compromises
  • some exasperation in EU with UK
  • could get stuck quickly on citizens rights

Fighting talk from the EU with May due to reveal more of her position later today on citizens rights.

  • UK may attempt to divide EU
  • EU unity may wane a little on trade talks
  • might be some wiggle room on customs union but hard to have partial union with UK
  • timing on talks is tight
  • possible extension of timetable could help

Possible timetable extension such as the Greek bailout deal?

Oh dear.

GBPUSD 1.2734 with EURGBP nudging up to 0.8784

Brexit talks to be given a time extension ?