British pound jumps after news report says Brexit delay likely

January 12
13:04 2019

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 was up 0.4% at $ 1.2796 after trading above $ 1.2850 following the report. The euro was off 0.1% to fetch 90.07 pence after dipping below 90 pence.

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