According to the Daily Telegraph
The headline says that Sabine Weyand, who is Michel Barnier's deputy, has reportedly "poured cold water" on hopes of a Brexit deal being reached within the next three weeks i.e. 21 November.
Although the UK is hyping up hopes of a deal, you'd very much expect the EU to downplay it so long as there is good reason to. If negotiations are still at a standstill and no solution to the Irish backstop is still seen in sight, expect Barnier and co. to keep optimism to a minimum unless the UK convinces them otherwise.
GBP/USD holds steady despite the headline sitting at 1.2872 now off the highs seen at 1.2920 earlier. EUR/GBP sitting at 0.8833, off the lows at 0.8805 earlier as well.
