Please see below for today’s update on key Brexit news items:

Setting out his vision for Europe in a major speech in Paris, the French President said: “In a few years, if they want, the United Kingdom could find its place…in this reformed and simplified EU that I’m proposing. “I can’t imagine that the United Kingdom could not find its place.” In an address lasting almost two hours, Mr Macron called for the EU to work more closely on areas including defence, security, immigration and corporation tax and for the eurozone to have its own budget. (Sky News)

European Council President Donald Tusk has said there is not yet “sufficient progress” in Brexit talks to discuss future trading relations with the UK. After meeting Theresa May in Downing Street, he said there were signs the UK now had a more “realistic” position and that the Prime Minister appears to have abandoned a “having her cake and eating it” approach to Brexit. But he said he would tell member states there has still not been enough progress towards the EU’s objectives to allow negotiations to move to discussing the future trade deal the UK desires. (The Independent

Over the past month, sterling has surged to its highest level since the day after the referendum following firm suggestions from the Bank of England that it could raise interest rates from as early as November in order to curb inflation. Although many economists now expect a rate hike in the coming months, some argue the Bank may find it difficult to justify higher borrowing costs amid continuing uncertainty over Brexit. (The Guardian)

London Mayor Sadiq Khan has suggested Labour may back a second referendum on the UK’s withdrawal from the European Union. Mr Khan hinted he would press for a commitment to a further national vote – on whether to accept any Brexit deal reached – to be included in the next election manifesto. The vow came as Kezia Dugdale, Labour’s former leader in Scotland, said the public had the right to have its say in a second referendum. (The Independent)