May spokeman on Brexit

  • We have made progress in huge number of areas

  • Would avoid any situation when the UK would be kept in a backstop against our will

  • Cannot accept a border down the Irish sea

  • Ministers discussed how to clearly define how the backstop will end

  • We want to make progress as quickly as possible

  • No suggestion in cabinet that ministers ready to quit

  • EU and Britain are moving closer to each other

This is nothing we haven't heard before. Cable is up 68 pips to 1.3219 today.