EU rejects proposal

The EU rejected a proposal that would cap the backstop in 2021 or 2022 but a new amendment from Andrew Murrison has a Dec 2021 end date and May has either instructed her party to support it or is considering that.

Could she broker a last-second deal?

There are other reports that May could get enough abstentions to get a deal through:

Cable had a little pop on the headlines.

The next 24 hours are going to be wild in GBP.