EU Official: "No bold new offer is coming"

Reuters quotes an EU official with the knowledge of the matter, citing that the European Union (EU) diplomates said that the report is "not true" and have dismissed it as "spin" amid ongoing Brexit negotiations.

Key Quotes:

"The EU is *not* about to make a big bold offer to allow Stormont to exit part of the Brexit withdrawal agreement, in order to break the Brexit deadlock I hear from EU sources."

• GBP/USD jumps on reports of EU concession on Irish backstop

At the press time, the Cable is seen consolidating the earlier spike to 1.2292, with markets digesting the latest headline that the UK Boris Johnson has won the Scottish ruling over Brexit extension letter.