UK's Frost: Our assessment is Brexit agreement can be reached in September

"We are not looking for a special agreement, we want a deal with at its core a free trade agreement like the one the EU has with Canada," the UK's chief Brexit negotiator David Frost said on Thursday.

Additional takeaways

"Our assessment is that an agreement can be reached in September."

"The UK sovereignty over our laws, courts and fishing waters is not up for discussion, we will not accept anything which compromises it."

"We are not looking for anything which threatens the integrity of the EU's single market."

Market reaction

These comments don't seem to be providing a boost to market sentiment. As of writing, the UK's FTSE 100 Index was down 0.84% on a daily basis at 6,227.