So says UK government source cited by Reuters 21 Feb

  • May's position is unchanged

Earlier I reported that the UK wanted to discuss transition period with EU from Bloomberg seeing leaked doc that the UK wants to extend the period which is helping to unsettle the pound .

BBC's political editor Laura Kuenssberg citing govt sources also tweeting with:

Govt source accepts UK has softened its position on EU citizens being able to come and settle in UK after Brexit during transition period - faced EU brick wall altho PM has always said it had to be different

Belief in govt UK text and EU text side by side demonstrate not huge distance btw the two sides over the transition period - their political priority for March is getting that bit done

GBPUSD currently 1.3924 after 1.3913 lows from 1.3950 area post UK wages/jobs data

TSC testimony from Carney & Co at 14.15 GMT still casts a shadow and should help contain range meanwhile.

May's position is unchanged says govt source