According to The Sun's political editor
The tweet reads:
"More: Tusk has told No10 that a deadline for a November summit is this Wednesday night. But it appears the Govt is beginning to give up hope for one. Whitehall source: "I wouldn't get your hopes up"."
I believe the next few lines sum up the situation. Hopes of a deal this week or in November are fast fading and once the reality sets in, expect that to continue to weigh on the pound further as we head towards December.
Update: Follow-up tweet describing the consequences of pushing things to December:-
"So, the likelihood is now a December 13/14 summit, which pushes the Meaningful Vote into January. Will be very tight to pass all the ensuing Brexit deal legislation in less than 3 months, meaning Article 50 could have to be extended by a month or two."
