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 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