EU's Verhofstadt: Impossible for Brexit extension beyond May 23rd

Eren Sengezer FXStreet

European Parliament's Brexit coordinator Guy Verhofstadt recently crossed the wires saying that it was 'impossible' for the EU to give the UK a Brexit extension beyond May 23rd.

Yesterday, British Prime Minister Theresa May in a letter asked for an extension until June 30th and the EU responded by saying that the UK would have to take part in the European Parliament election if the extension were to go beyond May 23rd.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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