UK PM May: still wants Brexit transition period of around 2-years – RTRS

According to Reuters, citing government source, the UK PM Theresa May's position is unchanged and still wants a Brexit transition phase of around 2 years.

The headlines seems to have prompted some fresh selling around the GBP/USD pair, which was already being weighed down by today's mixed UK jobs data. The key focus, however, would remain on the BOE's upcoming inflation report hearings before Parliament's Treasury Committee.