“The UK ‘is on the cusp’ of securing a new Brexit deal on Northern Ireland,” British Deputy Prime minister Dominic Raab told BBC’s Laura Kuenssberg on Sunday.

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The government had made ‘great progress’ negotiating with the European Union.

We're not there yet, but it would be a really important deal.

I think it would mark a paradigm shift first and foremost for the communities in Northern Ireland, but I think it would be a significant achievement.

If there are any new rules that would apply in relation to Northern Ireland, it must be right that there is a Northern Irish democratic check on that.

The UK wants to see a move away from checks on every consignment of goods coming into Northern Ireland from the rest of the UK.

GBP/USD stays pressured

GBP/USD remains depressed around 1.1940, following a three-day downtrend.

Also read: GBP/USD Weekly Forecast: Pound Sterling bears eye a sustained move below 1.2000