James Smith, developed markets economist at ING, suggests that with the October 31 deadline no longer likely to be met, the EU will now almost certainly go ahead and authorise an extension to the Article 50 period. Key Quotes “While France has previously voiced doubts over granting more time, most believe that President Macron is unlikely to ultimately block another extension.” “Exactly what form this will take is still uncertain, but most believe Brussels could go for another so-called ‘flextension’. The latest reports suggest this could set a new Brexit date in January or February 2020, but crucially allow that deadline to be brought forward if a deal is ratified by the UK Parliament.” “While PM Johnson has indicated he wouldn’t accept a 3 or 4-month extension, the terms of the ‘Benn Bill’ mean he has little choice but to accept unless Parliament says otherwise.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The amount of open long bitcoin positions on CME doubled in October FX Street 3 years James Smith, developed markets economist at ING, suggests that with the October 31 deadline no longer likely to be met, the EU will now almost certainly go ahead and authorise an extension to the Article 50 period. Key Quotes "While France has previously voiced doubts over granting more time, most believe that President Macron is unlikely to ultimately block another extension." "Exactly what form this will take is still uncertain, but most believe Brussels could go for another so-called 'flextension'. The latest reports suggest this could set a new Brexit date in January or February 2020, but crucially allow that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
