After European Council President Donald Tusk earlier today announced, via Twitter, that the EU27 will accept the United Kingdom’s request for a Brexit extension to January 31st, “The formal flextension decision is made upon the positive conclusion of the written procedure. We hope this to be concluded by Tuesday or Wednesday,” a senior EU official told Reuters.
The GBP/USD pair, which rose to a session high of 1.2860 after Tusk’s tweet, was last seen trading at 1.2840, adding 0.15% on a daily basis.
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