In addition to the positive news signalling a long Brexit extension coming from the EU via Reuters, The UK Telegraph published a news report citing the UK Chancellor Philip Hammond suggesting that the members of the British parliaments (MPs) will revoke Article 50 this week rather than allow Britain to leave without a deal if Brexit talks collapse.
The report further clarified that the Chancellor warned on Tuesday that the value of the pound could fall significantly if Theresa May fails to reach agreement on a Brexit delay with Brussels.
He suggested that the impact of uncertainty on the markets could encourage MPs to vote to reverse Brexit by revoking Article 50.
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