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According to the Financial Times, British Prime Minister Theresa May told her inner cabinet on Thursday that a historic Brexit deal was close. “The prime minister never brings the cabinet together to tell them what’s going on. That’s not her style. It feels to me like the deal is practically done,” one official familiar with talks told the FT.

The initial market reaction to the news lifted the GBP/USD pair to 1.3230, where it was up 0.3% on a daily basis.