UK Attorney General Cox: PM May secured legally-binding changes with EU

Eren Sengezer FXStreet

British Attorney General Cox is now delivering his remarks on the legal assessment of Prime Minister Theresa May's re-negotiated Brexit deal.

Key quotes (via Reuters)

Joint instrument confirms that EU cannot pursue the objective of trying to trap the UK in backstop indefinitely.
Event of EU, UK not reaching an agreement highly unlikely to occur.
Were such a situation to occur, the legal risk remains unchanged.
PM May secured legally-binding changes with EU.

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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