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Pound spikes to four-week high after report UK's May to delay Brexit date

British Prime Minister Theresa May takes questions during a press conference after attending a special session of the European Council over Brexit on November 25, 2018 in Brussels, Belgium.
Sean Gallup | Getty Images

Sterling jumped to a four-week high against the dollar late on Monday after Bloomberg News reported British Prime Minister Theresa May was considering delaying a deadline on Brexit.

The report said May is expected to allow her cabinet to discuss extending the deadline beyond March 29 at meeting on Tuesday.

The British pound rose to a four-week peak of $1.3153 , and was last up 0.2 percent at $1.3124.

Read the Bloomberg News story here