Breaking: UK PM May reported to be considering plan to postpone Brexit

The bullish case for sterling is underpinned on the sentiment that Brexit will be delayed. 

PM May is reported to be ...

• considering a plan to delay Brexit
• to stop the U.K. leaving the European Union with no deal next month
• expected to allow Cabinet to discuss extending the deadline beyond March 29 on Tuesday

GBP/USD has rallied to 1.3149 on the news.