Thursday, 21 March 2019 According to draft conclusions making the rounds, the European Council commits to agreeing to an extension until 22 May 2019. Given that the UK does not intend to hold elections to the EP, no extension is possible beyond that date.
The conclusions will also 'approve the instrument relating to the WA and the joint statement supplementing the PD agreed between the European Commission and the UK in Strasbourg on 11 March 2019.'
GBP/USD little affected by the headline, already near 1.3000 and over 150 pips down for the day ahead of it.
The prime minister has made a statement in the House of Commons following the UK's agreement on Wednesday night to a Brexit extension until 31st October. Britain has the option to leave the EU before..
Theresa May has arrived back at Downing Street having secured an extension to Article 50 on Wednesday evening in Brussels. The UK has agreed to the EU's offer of a flexible Brexit extension until 31st..