May to speak imminently
A Telegraph report says he hears that the PM's statement will soften her red lines on an exit deal, but not on free movement.
Varadkar today also hinted at this, saying that it was possible to make to the political statement (but not the deal) if she softened.
Cable likes this report and is up to 1.3067 from 1.3045.
Update: More good news with a Telegraph reporter saying "sounds like a Brexit compromise is in the offing" because May has a call with business leaders schedule for later.