You can see which way the market is betting
The two principle Brexit negotiators are in a phone call now to determine the next steps in negotiations. This is a call to determine whether real negotiations will continue.
The carrot that the UK appears to be offering is that the House of Lords will strike down the provisions in the Internal Market Bill that violate international law.
The market is saying today that the odds of something positive coming out of this are high, though a smidge of worry has appeared in GBP/USD.
