Ireland’s Foreign Minister Simon Coveney said on Thursday that there is still some time to make sure that negotiations on the Northern Ireland protocol will work, as reported by Reuters.

Meanwhile, the Telegraph reported earlier in the day that the European Union was ready to improve the offer to reduce customs checks at the Northern Ireland border.

Market reaction

This headline doesn't seem to be helping the British pound find demand. As of writing, the GBP/USD pair was virtually unchanged on a daily basis at 1.3402.