UK PM May back from her hols and now on the wires 16 Aug

So we might still get some month-end/occasional EURGBP demand flows then. Hurrah.

Nothing new in the comments though. The idea has been touted before and will no doubt be part of the trade-off on Brexit divorce bill.

  • UK govt determined to protect the unique arrangements between N Ireland and Irish Republic.
  • wants the EU funding that has helped victims of the troubles and cross-community groups to continue at least until the current programme finishes
  • wants to explore a potential future programme of peace funding after Brexit
  • there is no question of imposing a new customs border between UK and NI, would be totally unacceptable to UK govt

Eamonn had a post on the border/no border issue here earlier

Meanwhile GBPUSD still clinging onto 1.2850 support with EURGBP steady at 0.9125

UK jobs/wages data should be the range breaker/consolidator at 08.30 GMT

May seemingly not happy to be back from her hols