GBP Happy To Hear That Barnier Will Extend His London Visit

Sterling has picked up a bid after BBG cited an unnamed British gov't official, who said that EU Chief Negotiator will extend his visit to London through Oct 28, even as he was due to leave on Sunday. Northern Ireland Sec Lewis called Barnier's decision to prolong his stay "hopefully a very good sign", adding that "there's a good chance we can get a deal" if the EU "understands it's for them to move as well". The BBC cited unidentified EU sources as noting that more negotiations are planned from Thursday, when they move to Brussels. Worth adding, however, that Whitehall sources told the BBC that the main sticking points remain unresolved, while the Telegraph cited an ex-U.S. off'l as suggesting that should the UK fail to clinch a deal with the EU, it would struggle to reach one with the U.S.

• GBP/USD trades +11 pips at $1.3051. A move through Oct 21 high of $1.3177 would open up former trendline support at $1.3233. Conversely, a fall through Oct 23 low of $1.3019 would expose Oct 21 low of $1.2940.
• EUR/GBP sits -18 pips at GBP0.9077. Losses past Oct 21 low of GBP0.9012 would clear the way to Oct 14 low & bear trigger at GBP0.9007. Bulls keep an eye on GBP0.9107, the high of Oct 23, followed by Oct 20 high of GBP0.9149.
• Little of note on the UK's economic calendar this week, nationwide house price index is due.