Germany's Merkel said to be willing to put five-year time limit on Irish backstop

According to BBC's Nicholas Watt, citing a leading Brexiteer source, German Chancellor Angela Merkel is said to be willing to put a five-year time limit on Irish backstop. The headlines provided a strong boost to the British Pound and lifted the GBP/USD pair further beyond the 1.3100 round figure mark to fresh multi-day tops.