>> The British Prime Minister's office is playing down reports that the UK and EU are close to a Brexit deal for financial services. The British pound jumped on Thursday after The Times newspaper said Theresa May had reached a tentative deal, one that would allow financial services to keep their access to EU markets for as long as regulations stay in sync.
But officials in Brussels and London said the report was wrong. Reuters sources, speaking anonymously, say nothing has been finalized just that progress is being made. More money flows in and out of London than any city in the world, it's the global capital of currency trading. So some big banks have been forced to reorganize over concerns they'd be cut off if Brexit happened without a deal.
Some have even started moving operations to other EU states. If confirmed, the new deal may also be seen as a victory for supporters of a so-called soft Brexit, in which Britain remains largely in tune with the EU.