EU Commission president addressing reporters in Brussels 24 Nov

  • hopes Brexit negotiations going in a good direction
  • will see after meeting with May on Dec 4 if there is sufficient progress for Brexit deal

UK PM May:

  • we must step fwd together
  • will talk about positive talks we are having on Brexit

So, progress but no one really knows how much.

Hey ho, but GBP feeling some love this morning. GBPUSD up to 1.3325 and EURGBP down to 0.8895 amid generally softer USD tones

Keep an eye for momentum to fade above 1.3330-35 but if not then we can't rule out a test of 1.3350. Demand building around 1.3300 with larger around 1.3280 still.