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MPs Would Support Triggering Article 50 if Necessary

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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 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 BNN. 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

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