Brexit: MPs table motion to force a longer Brexit extension

Yohay Elam FXStreet

UK Member of Parliament Alison McGovern will reportedly table a motion that will give the House the power to force a longer Brexit, according to ITV's Paul Brand. It is unclear if the motion will be debated.

The move comes after it emerged that the UK will only ask for a short extension to Article 50. The European Union, pro-Remain MPs, and markets prefer a long extension of nine to twelve months over a short one lasting only two or three months. The Pound dropped on the news.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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