Breaking: EU official: A Brexit deal is imminent and expected by weekend

According to the latest headlines floating on the wires, an EU official was cited saying that a trade deal with the UK is imminent and is expected by the end of the weekend, barring last-minute breakdown in talks.

The comments triggered a fresh wave of the short-covering move around the British pound and pushed the GBP/USD pair back closer to the key 1.3500 psychological mark.