May said to have asked for a time limit on Brexit backstop but was turned down

May asked Juncker and Barnier in meeting

May asked for a time limit on the Brexit backstop, according to Bloomberg who cited two people familiar with the meeting.

The EU reportedly turned down the request.

Back to the drawing board for May. Cable has edged lower to 1.2962 as it continues to slide after failing to break 1.3000 on the post-Carney push.