Brexit Bill Passes in Parliament

Prime Minister Theresa May’s plan to take Britain out of the European Union easily cleared its first legislative hurdle on Wednesday, paving the way for the government to launch divorce talks by the end of March.

May’s government is seeking approval for a new law giving her the right to trigger Article 50 of the EU’s Lisbon Treaty – the legal process for leaving the bloc – after the Supreme Court ruled she could not take that decision unilaterally.

The bill could complete the legislative process by March 7.

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.