British pound jumps after news report says Brexit delay likely

MarketPulse


The British pound spiked higher than trimmed gains Friday after London’s Evening Standard newspaper reported that Prime Minister Theresa May’s cabinet ministers see the U.K.’s exit from the European Union as increasingly likely to be delayed beyond the planned Brexit date of March 29. The British pound

GBPUSD, +0.7059%

was up 0.4% at $1.2796 after trading above $1.2850 following the report. The euro

EURGBP, -0.9757%

was off 0.1% to fetch 90.07 pence after dipping below 90 pence.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.

Leave a Reply

Your email address will not be published. Required fields are marked *