UK's Davis says much work still needs to be done in Brexit talks

UK Brexit minister Davis now up to the rostrum 12 Oct

• teams continued to work constructively
• EU citizens in UK will have completely new streamlined, low cost, registration system
• specifics re Brexit bill can only come later
• UK ready to start discussions on future relationship
• hopes EU leaders will let Barnier explore transition periods with UK

Ongoing presser after closure of the 5th round of talks.Watch it live here

Seems they are still miles away on key issues and the pound is coming under attack

GBPUSD down through 1.3180 support area as EURGBP tests 0.9000 again.