If you've been following along the Brexit developments over the weekend you'll know where we are placed.

  • The upshot, as of now, is that the EU is willing to grant an extension reports the Times:
  • European Union will delay Brexit until February if Boris Johnson is unable to get his deal past MPs this week
  • delay would be "fungible" meaning that Britain could leave earlier, on the 1st or 15th of November, December or January, if his deal is ratified before the extension ends.
  • No decision will be taken until EU governments can assess the chances of the withdrawal treaty getting through parliament, not before Tuesday this week.
  • If the prime minister runs into serious trouble or MPs force a second referendum then countries led by Germany will push for a longer extension, possibly until June next year

Times link (gated)


GBP/USD is circa 1.2918