Further comments by UK finance minister Philip Hammond

  • There has been a measurable change in pace in talks over the last week
  • Engagement from both sides to solve problems instead of posturing on Brexit
  • Substance of Brexit talks still very challenging
  • Still got some big differences left to resolve
  • Expects a more positive process this week
  • If we get a good Brexit deal, there will be real dividend for the UK

Hammond pushing forward some slightly more positive vibes but it isn't really anything in my view. The pound is a little higher on the day now as it looks to extend the trading range seen from today.

GBP/USD is now up to 1.3253, EUR/GBP down to 0.8749 and GBP/JPY is up to 148.95.