UK PM May spokesman: PM is not prepared to revoke Article 50

Eren Sengezer FXStreet

British Prime Minister Theresa May's spokesman crossed the wires in the last hour saying that the PM was not prepared to revoke Article 50 and added that the PM would write to EU's Tusk before this week's summit to ask for an extension on Article 50. "Cabinet discussed ongoing talks with the DUP on Brexit," the spokesman said. Meanwhile, citing a government source, Reuters reported that it was theoretically possible to ask for a long Brexit extension and leave the EU before the time on extension ran out.

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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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