Forex - Sterling Positive as EU Reportedly Willing to Offer Brexit Delay


The pound turned positive against the greenback on Thursday on a report that the European Union is prepared to grant another Brexit extension to the U.K. to prevent the country from leaving the bloc without deal.

Business Insider published news of the potential deal, citing a leaked European Parliament draft resolution.

GBP/USD rose 0.15% to $1.2344, but had traded as high as $1.2368

The resolution suggested that members would back a fresh extension if its purpose would be to "avoid a 'no-deal exit,' to hold a general election or a referendum, to revoke Article 50, or to approve a Withdrawal Agreement."

U.K. Prime Minister Boris Johnson has said several times that he is not willing to ask the EU for a further delay to Brexit, despite U.K. lawmakers passing a law to stop a no-deal Brexit.

Source: www.investing.com