At present, no way! (3)

I believe the answer is:

now

'at present' is the definition.
(synonyms)

'no way' is the wordplay.
'way' becomes 'w' (Compass direction - West).
'no'+'w'='NOW'

(Other definitions for now that I've seen before include "At the present time" , "At present, this instant" , "Today" , "Immediately" , "At this moment in time" .)

I've seen this clue in the Evening Standard.

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