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A spokeswoman for British Prime Minister Boris Johnson told reporters that the PM spoke to his Dutch counterpart Rutte earlier on Tuesday and added that there was a clear understanding  from the EU  that Britain’s commitment to leave on October  31 was  absolute and the PM  wanted  a deal.

“Solutions to the Irish border backstop issue exist,” the spokeswoman noted. “The PM  has set out a range of options as an alternative to the backstop.”

Meanwhile, the GBP/USD pair continues to trade near the session high that it set at 1.2271 in the last hour.