Breaking News: GBP/USD spikes to 1.31 on report claiming UK is ready to drop key Brexit demand on Irish border

FXStreet Team FXStreet

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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