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.
Call moneycorp on +44 (0)20 3773 6355 for more information or to discuss your currency transfer requirements. Receive free transfers on all your payments.