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PM May is taking the stand at  Downing Street, addressing the UK nation explaining her current stance on the Brexit deadline proposed delay beyond next Friday’s Brexit due date.    

In the latest development along the Brexit saga following a cross-party meeting today, of which  Jeremy Corbyn  walked out from, and after  May told Parliament that  she was not prepared to delay Brexit further than 30th June and EU’s Tusk said a short Brexit extension would be possible, conditional on support from  House of Commons and said that the June 30th deadline had  merits.

Key comments, so far:  

  • Two years MPs unable to agree on way to implement, we will now not leave on time.
  • This delay is a matter of great personal regret for me.
  • Im sure you have had enough.
  • Im on your side.
  • Now time for MP’s to decide
  • I have written to Tusk to request short ext of Art 50 to 30th  June.

Key notes:

  • EU’s Tusk: Short Brexit extension conditional on support from House of Commons
  • Brussels to vote tomorrow on extension   – If dismissed, UK could  face a no deal Brexit next week.
  • If cross-party MPs don’t  back another meaningful vote next week – the default option could see UK leave EU with no deal.

Watch PM May Live (Sky news):

Prior to this, GBP/USD has rallied on a dovish FOMC outcome:  GBP/USD jumps as Fed statement says “No rate hikes this year only one in 2020”