The Financial Times says deal reached on the cost

Similar report from the FT:

"According to several diplomats familiar with the talks, the UK would assume EU liabilities worth up to €100bn although net payments, discharged over many decades, could fall to less than half that amount."

May is expected to formally present the offer next week as part of a potential deal on citizens rights and the border with Northern Ireland.

Cable is right back near the highs of the day, near 1.3350.