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The planned update by the European Unions’s (EU) chief negotiator Michel Barnier to the national EU envoys will not be taking place on Friday due to the ongoing intensive negotiations, a European Commission spokesman said, per Reuters.

Market reaction

These comments don’t seem to be having a significant impact on market sentiment. As of writing, the UK’s FTSE 100 Index was up nearly 1% on a daily basis at 6,553. Meanwhile, the GBP/USD pair is clinging to modest daily gains at 1.3460.