Breaking News: GBP/USD spikes above 1.31 - Bloomberg says EU is ready to offer UK `super-charged' free-trade deal

Citing sources familiar with the matter, Bloomberg reports that the EU is ready to offer the UK a `super-charged' free-trade deal. With the initial reaction to this development, the GBP/USD spiked to a daily high at 1.3122.

According to the report:

• Vision will incorporate 30-40% of U.K. plan.
• Deal on divorce closer but the Irish border still not resolved.
• Talks accelerating and work is expected to continue.