The pound is on a charge
Jack Taylor / Stringer
Asked by a fellow MP if the government would think about the move in any shape or form for access to the EU's single market, Davis said:
"The major criterion here is that we get the best possible access for goods and services to the European market and if that is included in what he's talking about then of course we would consider it."
This news seemed to reassure sterling investors, and the pound - which had been treading water earlier in the day - leaped, climbing by more than 1% against the dollar.
Around 11.30 a.m. GMT (6.30 a.m. ET) sterling has climbed above $1.26 for the first time since November 11, just after Donald Trump won the US presidential election. Here's the chart:
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