From the BBC’s Laura Kuenssberg:
I understand a deal has been reached btw Tories who wanted to vote for Bob Neil’s amendment to the controversial UKIM bill and the govt – it gives an extra layer of parliamentary oversight – ministers hope prevents rebellion next week
Cable reached 1.2997 on this. Offers at the figure are capping the upside so far with the pair up 106 pip on the day. A break of 1.3035 would open up more to the upside.