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Analysts at TD Securities point out that the UK cabinet meets at Chequers to hash out a unified Brexit vision today and will be a key event today.

Key Quotes

“Rumour has it that the PM is pushing for a “Norway minus” model that includes single-market access for goods but not services, but already some in the EU are rejecting the idea. Look to press leaks Fri/Sat and the Sunday morning talk shows for political appearances to sell the proposal to the public ahead of a formal “white paper” release later next week.”

“A firm, simple “No” from the EU spells bad news; a more lengthy rejection that highlights problems with the plan suggests something more workable.”