Comments by UK Cabinet secretary David Lidington

  • Cautiously optimistic about Brexit talks
  • "We are not quite there yet", but almost in "touching distance" now
  • People in the country want us to get on with this
  • There does come a point when contingency plans have to be stepped up for no-deal Brexit

I'm very sure market participants around the globe also want them to move past this as quickly as they can. The longer this drags on, expect there to be a further drag on the pound over the coming weeks.

As for a deal this week, I'm not going to hold my breath. There will definitely be plenty of media leaks that a deal is imminent but so far, there is nothing to suggest that. And time is ticking.