May’s letter to Tusk proposes Brexit extension until 30 June 2019

Haresh Menghani FXStreet

According to the latest headlines floating on the wires, the UK PM Theresa May's letter to the EU President Donald Tusk proposes Brexit extension until 30 June 2019. The letter also states that if any deal is ratified before this date, the period should be terminated early and that the UK will make preparations to hold European elections.

This comes after the Buzzfeed European editor, Alberto Nardelli, tweeted in the last hour: "I'm told there have been conversations between Brussels and EU capitals, and between EU and UK officials. i.e. everyone is in the loop. However, I am also told by senior European gov't officials that not all leaders are (yet) on board with the idea of a long flexible extension."

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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