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Theresa May, British Prime Minister, listens to a question from reporters as she delivers a statement on the Brexit deal at a press conference inside 10 Downing Street at London, UK, Thursday, November 15, 2018.
the Pound sterling rose sharply on Friday morning after members of the British cabinet revealed that a delay in the official Brexit date seemed more and more likely.
The Evening Standard Journal of the United Kingdom stated key legislators felt that a delay on the date of departure was likely, due to "a backlog of at least six key bills that need to be passed before Britain does leave the European Union ".
A senior minister told the publication, "The legislative calendar is now extremely tight." "Certainly, if there was a defeat on Tuesday and it took a while before it was resolved, it's hard to see how we could get all the legislation in place here." March 29th. "
Sterling shot higher on the news. It was trading near 1.272 against the dollar at 9:00 am London time, but climbed to $ 1,284 by 11:00 am before erasing some of those gains.
The UK was officially due to leave the EU on March 29th of this year, but a delay on that date may reduce the chances of a Brexit without agreement, which has been worrying market watchers in recent months.
A spokesman for British Prime Minister Theresa May immediately tried to cancel the report, saying the British leader had already ruled out delaying the deadline. Any delay on the date will have to be approved by the 27 remaining European leaders.
Columbia legislators are ready to vote Canis very much criticized Brexit treat Tuesday. Remarkably, May's model for getting out of the block faces a near-defeat. This leaves the prospect of a complete collapse of the government, a disorderly exit from the block or even the entire Brexit process completely canceled over the next few weeks.