EU officials says they are open to collaboration with the UK, but the UK will need to relax its trade and economic integration stance in order to progress towards a more ambitious deal, Politico reports

This headline indicates a potential thaw in EU-UK relations concerning trade negotiations. The suggestion that the UK needs to ease its trade and economic integration position could signal forthcoming compromises, which may have implications for currency volatility, particularly for GBP and EUR as markets digest the story.