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EU's Barnier: we are not seeking concessions from UK, or vice versa

Addressing the latest Brexit update join press conference, with his UK counterpart, the EU's chief Brexit negotiator, Michel Barnier said that we are making some progress on citizen rights.

Additional quotes:

   •  UK has provided useful clarification on rights, basis for future work
   •  No announcement from negotiators expected today
   •  We are willing to reach an accord on orderly Brexit
   •  Only real progress on 3 key issues will open second phase of talks
   •  Family reunification, export of benefits, role of ECJ remain to be discussed
   •  We are not seeking concession from the UK, or vice versa
   •  Not making concessions either but working on reciprocal commitments made in past

AUD/USD hits fresh session low amid surging US bond yields

   •  Once again faces rejection ahead of the 0.77 handle.     •  Surging US bond yields adding to the downward pressure.     •  Ignores subdued USD
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UK: Rising oil prices and inflation - Nomura

The most obvious and immediate effect on UK’s inflation from rising oil prices is via petrol prices (representing around 3.5% of the inflation basket)
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