According to Bloomberg
- Said to need more clarity from UK before fixing summit date
And the pound is brought lower even more on the day with cable falling to a low of 1.2832. With Theresa May not looking like she's able to champion a deal in parliament, the can looks to be kicked down the road to December.
This only leaves a very narrow window and more or less it means that both sides have only one shot to get a working deal before the new year. That's quite a lot at stake and markets will surely fear that it will end badly. Expect the pound to stay offered as long as there's no good news as we head into December's summit.
