Comments by UK PM spokesman, James Slack
- Says that both sides must compromise in talks with Labour party
- Withdrawal agreement bill is in an area which could look to make progress
- Important to continue to work hard to find a way forward on Brexit
Yada, yada. It basically means that they're still yet to find any common ground with the Labour party. As mentioned earlier, in order for there to be a compromise, either one of the parties will have to move their red lines.
The pound is holding firm on the day though as cable runs up to 1.3015 currently, at session highs. Price is currently leaning against the previous downside trendline support - now resistance - at 1.3013 so let's see if buyers can manage to hold above that today.