UK PM May: Article 50 extension cannot take no-deal off the table

Haresh Menghani FXStreet

The UK PM Theresa May, in her statement in the parliament, confirmed that a meaningful vote will be held by March 12. May was further noted saying that if the government loses the meaningful vote, we will hold new votes on leaving the EU without a deal.

Additional quotes:

• The UK will only leave without a deal on explicit consent of parliament.
• If parliament rejects deal and no-deal, will hold a vote on 14 March on limited Article 50 extension
• Does not want to see Article 50 extended.
• Extension of Article would have to be one-off.
• An extension cannot take a no-deal off the table.

Author

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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