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The UK PM Theresa May was out on the wires in the last hour, saying that Brexit deal respects the people’s will and Chequers plan means an end to freedom of movement. This Brexit plan is what I am determined to deliver and would also mean that the UK will be able to sign its own trade deals.

The comments had a rather muted reaction, with the GBP/USD pair holding stable above the 1.3200 handle. Investors keenly await publication of the key Brexit white paper, which triggered resignations of high profile UK ministers, including David Davis and Boris Johnson.