An extension has been approved by the EU from March 29 (ICYMI)

Tusk and Juncker speaking now, news conference:

  • All options open until April 12
  • If UK has not decided by April 12, longer extension will not be possible
  • The UK has accepted the extension scenarios
  • There is no more we can give the UK
  • we hope UK parliament adopts the agreement
  • We are prepared for a no deal exit, emergency measures are in place

more to come

Through all this GBP has drifted higher, added net 30 or so points in the past two hours. Since its US lows its up a lot more though: