EU spokesman Winterstein speaking to reporters 21 Aug

  • clear structure in place for Brexit negotiations

Meanwhile a spokesperson for UK PM May repeats that:

  • govt is confident will make sufficient progress in Brexit talks by October to take talks to next phase

and that on the use of EFTA court in future ties with EU added:

  • UK govt considering a number of precedents

So you know what picture's coming next right ?

Meanwhile GBPUSD has broken up through 1.2885 to post 1.2893 in a rush. Next line of offers 1.2900-20 again.

Some safe-haven yen and franc demand receding and that's now lending support to core pairs in a reverse of earlier moves.

USDJPY 109.15 with USDCHF up to 0.9675. EURUSD higher at 1.1751 AUDUSD 0.7926