Government Confident of Repeal Bill Passage

The British government is confident it can get legislation to begin the process of transferring European Union law into British law through parliament, Prime Minister Theresa May’s deputy said on Monday.

The Repeal Bill, which the government says will help achieve a smooth transition as Britain leaves the EU, will transpose EU law and also repeal the 1972 European Communities Act which formalises Britain’s EU membership.

“I’m confident that we can get this legislation through parliament,” First Secretary of State Damian Green, who is effectively May’s deputy, told Sky News, adding that he expected lots of debate along the way.

Reuters

The G19 + USA non-event

USD/CAD Canadian Dollar Higher on Strong Jobs Report Ahead of BoC

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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.