Michel Barnier is updating EU Ambassadors this morning on the progress made over the weekend on Brexit trade talks.
Reports from the EU suggested there was a breakthrough on fisheries - however Downing Street denied there was agreement.
A number of stumbling blocks still remain, including fishing rights and the so-called 'level playing field'.
Sky's Enda Brady says time is running out for the UK and EU to agree.
"There's a huge, huge gap is what I'm hearing between both sides on what they want.
"It really is now a matter of who blinks first. Somebody has to give some ground and neither party wants to be seen to do that. It's all about face - it's all about reputation.
"Time is really running down now. There's a European Council meeting on Thursday, so they effectively have two more days to get a deal done."
