Ireland's Coveney says there is potential for EU declaration on backstop to help reassure Westminister

But will they actually provide a legally binding assurance that it won't be open-ended as what UK parliament members want?

Coveney says that there is potential for a new statement or declaration from the EU on the backstop to help reassure the UK parliament if need be. That's some positive news from the headlines but this is all just very fancy wording for the time being. They're being purposefully vague and we still have to wait to see if they will officially aid Theresa May as she seeks to get legal assurance to fix an end-date to the backstop.

GBP/USD now rises to a high of 1.2606 on the day. Meanwhile, EUR/GBP slips a tad bit to 0.9030 currently.