MPs Would Support Triggering Article 50 if Necessary

While the British government tries to prevent parliament voting on its plan to trigger the country’s exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers’ recent statements.

Prime Minister Theresa May has said she aims to launch the two-year negotiating period for the country’s departure from the 28-nation bloc by the end of March and that the referendum vote in June to leave the EU provides sufficient instruction.

The High Court has said parliamentary approval is required to invoke Article 50 of the EU’s Lisbon treaty, governing the EU exit process. The government is challenging that decision in the Supreme Court, which began hearing the case on Monday.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.