EU's chief negotiator Michel Barnier suggested talks may have to continue beyond the leaders summit on Thursday

  • Citing lack of progress

The UK's proposals for the Irish border remained an "untested" risk

  • EU culd not consider the risk
  • A fresh "political impulse" is needed from UK PM Johnson for a deal to be struck this week.

GBP is lower in the early hours, circa 1.2608, down half a big figure or so from late Friday levels.