GBP has climbed to the highest point against the Euro since May 2017 over the increasing likelihood of a Brexit delay. This has followed reports that that Prime Minister Theresa May will propose formally ruling out a no-deal Brexit and delay the exit from the European Union.

Reports suggest that May will propose the move to her senior cabinet today and open the door to a delay over Britain leaving the EU on the March 29th deadline.

This follows yesterday’s speculation that the EU would be open to an extension on membership and a delay on Brexit.

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