GBP/USD is trading above 1.2350, already some 150 pips on the day.
Pat Leahy, the political editor of the Irish Times, tweeted::
“So am hearing that there has been very significant movement from the British side on the customs issue in the Johnson-Varadkar talks,”
Reports about major British concessions on Brexit are doing the rounds following the meeting between Johnson and Varadkar
— more to come