UK: Any extension to article 50 would have to have a specific end date

Eren Sengezer FXStreet

In a recently published statement, the British government noted that any extension to article 50 would have to have a specific end date and during an extended period, Britan would remain a full member of the EU state.

Key quotes (via Reuters)

Government cites during any extension Britain could not start negotiations on future EU relationship.
If requesting an extension, would be appropriate for PM May to write to EU's tusk to set out why and for how long.

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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