UK PM May spokesman: No deal remains the legal default

Eren Sengezer FXStreet

British Prime Minister Theresa May's spokesman crossed the wires in the last minutes saying that the no-deal is still the "legal default" and added that the government continues to responsibly prepare for it.

Key quotes (via Reuters)

As PM said on Friday, it is now for others to find the way forward on Brexit.
Legal text that was agreed with the EU was that we would not be seeking to reopen the Withdrawal Agreement.
PM will meet with EU’s Tusk in Brussels on Tuesday update him on her statement on Friday.

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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