GBP is on the front foot after the UK and the EU once again showed us that last-minute deadlines mean nothing, and continued talking in the hopes of avoiding a WTO-terms Brexit. Obviously that we did not see that happen on Sunday was good news, but both sides are stressing that this is still a very likely scenario unless the gaps over fishing and a level playing field can be bridged.

The former is quite likely, but the latter is a far harder sell in the UK without some seriously creative bureaucratic mechanisms. Then again, what does Europe specialise in? Indeed, rumours are that this very end might just be achieved right at the very end of negotiations. As BoJo says, markets "live in hope" they don't end up with a plague on both the UK and EU houses, and the UK speedily gone and having nothing.