According to a piece by the Evening Standard

The bloc has not changed its mind about Chequers

UK officials are "misreading" upbeat statements from Brussels

UK is hoping that EU will change 'red lines' but this will not happen

The report is citing a couple of senior officials in Brussels on the matter. With that, we're seeing renewed weakness in the pound once again as it continues to fall further against the greenback on the day.





There's a broad dollar and yen bid happening at the same time which is blurring the lines a little too. EUR/USD has been dragged to session lows of 1.1566 on the day with AUD/USD also taking a tumble to a low 0.7087. Cable has been pinched lower to 1.2965 before recovering now to 1.2990.





I've highlighted this before when it came to Barnier's comments since last week. There's been a lot of vague talk of deadlines and "progress" but in terms of actual details and the stance by the EU, I haven't seen any change or actual progress there. And with the pound already having a bit of a scare earlier, any more headlines such as this can lead to a quick fall.



