- GBP/USD popped towards the high of the day following the Telegraph reporting that British officials have been ‘putting out feelers’ for an Article 50 extension at discreet talks with EU counterparts.
- British and European officials are discussing the possibility of extending Article 50 amid fears a Brexit deal will not be completed by March 29.
Three separate EU sources confirmed that UK officials had been “putting out feelers” and “testing the waters” on an Article 50 extension, even as the Government said it had no intention of asking to extend the negotiating period. The discreet diplomatic contacts, described by one source as officials “just doing their homework” emerged as a minister broke ranks for the first time to raise the possibility of extending the talks.
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