Market chatter: EU’s Brexit offer said to have already been rejected by UK

Several news outlets have recently reported that the European Union's Brexit offer has been already rejected by the UK. With the initial market reaction to this headline, the GBP/USD pair is testing the 1.30 mark, losing more than 80 pips on the day.

On a similar note, "Offer promises legal beef up of existing promises, but suggestion of GB exit from backstop leaving NI in has already been rejected by UK so not really a concession," BBC's Laura Kuenssberg tweeted out.