May cautioned that the extra time would not help negotiations and that she herself opposed any delay.
Prime Minister Theresa May has dramatically reversed her steadfast strategy after threats of mass resignations from her own ministers and calls for a second referendum on Britain’s EU membership from the main opposition Labour Party.
It saw the pound rally to its highest level since May 2017 against the euro — and since October 12 against the dollar — as investor fears of imminent trade gridlock and financial market mayhem eased. “Let me be clear, I do not want to see Article 50 extended,” she said in reference to an EU procedure that set Brexit in motion two years ago.Three-step approach
“The United Kingdom will only leave without a deal on Mar 29 if there is explicit consent in this House for that outcome,” May said. But her talks with European leaders on Sunday and Monday in Egypt achieved no breakthrough and the 46-year relationship is approaching a messy breakup that could wreak havoc on global markets and create border chaos.
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