Germany laments lack of progress
Germany has scrapped planned Brexit talks next week because there has not been "any tangible progress" in the summer, according to a Guardian report.
The German government had intended to discuss Brexit at an EU ambassador's meeting on Sept 2 but has now cancelled those plans.
The report also says EU officials believe the UK government is prepared to risk a no-deal exit at year end.
This is a looming reminder of the threats to cable, which is up 48 pips to 1.3201 in a broad USD slump today. However, given the way the EU folded last year, many believe they will do the same at the last minute.
