According to Bloomberg, British Prime Minister Theresa May is said to drop a key demand with an aim to resolve the Irish border issue that has been one of the main roadblocks in Brexit negotiations. With the initial market reaction, the GBP/USD pair spiked up to a fresh daily high at 1.3103 before retreating slightly. As of writing, the pair was trading at 1.3075, adding 0.4% on a daily basis.
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