Breaking: GBP/USD as EU reportedly notes UK acceptance of divergence principles

The BBC's Europe Editor Katya Adler reports that there are notes of careful optimism in EU off the record briefing. They told her that the UK has accepted the idea of "managed divergence" for preferential access to the bloc's single markets. 

GBP/USD has hit a new peak of 1.3548, the highest since 2018.

more to come