What Happens After Brexit Court Ruling?

The High Court in London has ruled that the British government requires parliamentary approval to trigger the process of exiting the European Union.

The government, which had planned to start the EU divorce without going through parliament, said it would appeal against the ruling and the Supreme Court has set aside Dec. 5-8 to hear the case.

The stage is now set for a period of political uncertainty while ministers digest the ruling and how to respond to it.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam