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EU27 to agree to a 'technical short extension' if UK parliament passes deal

FXstreet.com Friday, 15 March 2019
Citing a French presidency official, Reuters recently reported that the EU27 would agree to a "technical short extension" to Article 50 Brexit negotiation period if the UK parliament were to approve PM May's Brexit deal next week.

*Key quotes (via Reuters)*

· No point in Brexit delay without clear plan.
· France is concerned about implications of a long extension.
· If UK parliament rejects deal next week and no clear alternative emerge, a no-deal scenario would prevail.
·  A long extension to Article 50 would only be acceptable if UK puts forwards clear alternative such as referendum or election.
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MPs have voted by 412 to 202 to delay Brexit beyond March. The UK is scheduled to leave in just two weeks, but the decision by parliament means May will now request an Article 50 extension of at least three months. The prime minister could request a significantly longer delay to Brexit if MPs...

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