The headline is crossing wires on social media i.e. Twitter
That has caused a little bit of a "pop" in cable and the DAX.
Cable back above the 1.2900 barrier taking out resistance at 1.2897-00 as highlighted earlier. Seems like the headline is related to a piece by the Business Insider here. h/t @ LiveSquawk
The report suggests that EU member states are willing to consider a Brexit deal which will allow Britain to remain in the single market. This is opposing what EU Brexit negotiator Michel Barnier has been saying as such a move would undermine the single market, in his words.
The jump in sterling is very much due to a divergence in thinking there ahead of the end-September meeting between EU leaders, which is now reportedly set to discuss Brexit in more detail - shifting the timeline forward from October.
But again, despite all the optimism here I highly doubt this will fly domestically in the UK as parliament is likely to shoot such a proposal down as it means it will continue to tie the UK to the EU rather closely in terms of trade relations and what not.
