UK's Raab: Risk of no-deal Brexit is real if EU engages in intransigent approach

Comments by UK Brexit secretary Dominic Raab in parliament

• Still striving for the best deal with the EU
• Lawmakers will have choice between a deal and other alternatives
• Planning and preparations are in place to deal with risks of no-deal outcome
• Have made good progress, close to agreeing a deal
• It is too late to start again on Brexit talks

Not really anything new here by Raab as he answers questions from lawmakers. GBP/USD holds steady close to the 1.2900 handle currently with EUR/GBP flat on the day at 0.8843 and GBP/JPY a little higher as well at 144.80.