> UK trade minister says May to likely be in power for remainder of term

UK trade minister says May to likely be in power for remainder of term

Thursday, 20/07/2017 | 07:25 GMT-0

UK trade minister Liam Fox speaking to BBC Radio 20 July

There'll be plenty in his own party as well as this writer placing a few bob that says otherwise.

Today we get the latest update on Brexit negotiations that have been taking place this week.

Meanwhile GBPUSD falls to 1.2990 from 1.3020 as EURGBP rallies to test 0.8865 again in a rush. No obvious prime mover ( headline above possibly with the word "likely" being used by Fox) but GBP showing the weaker side again as we wait on UK retail sales at 08.30 GMT. Not likely to be good news so maybe some pre-empting sales going through.