Brexit: EU reportedly preparing a long extension option with conditions
|The German media outlet Die Welt is reporting that the EU 27 countries are preparing a plan for a long Brexit extension to the UK. The ideas may be presented as early as Tuesday in a meeting between German Chancellor Angela Merkel and UK PM Theresa May in Berlin. The leaders will meet at 11:00 GMT.
May is getting ready to offer the opposition Labour Party a new offer related to future relations with the EU. She is convening her ministers to finalize a written offer.
GBP/USD is trading around 1.3050, steady on the day and looking for significant developments.
The UK leaves the EU on April 12th at 22:00 GMT unless an extension is granted. Such a delay must be approved unanimously by all 27 other members
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.