Reuters reports, citing a source close to French president Macron
- Rumours about possible extension are 'clumsy leaks'
- EU27 countries had given clear condition for extension: a credible alternative plan
- Says that "we're not there yet" on Brexit alternative plan
- UK needs to provide a clear plan by next Tuesday
Trying to play down expectations of earlier reports that Tusk is set to offer a twelve-month extension to the UK next week. It's hard to believe them denying an extension at the end of the day but the UK just needs to meet the bar for it and it is one that is very low.
Cable continues to hold steady at 1.3095 currently, barely moved amid all the Brexit headlines we're seeing over the past hour.