Cable Slides As British PM May Confirms No Extension Of Brexit Process

Following this morning’s chaotic spike higher in cable, the currency pair du jour is falling back quickly following comments from British PM Theresa May confirming the government will not seek an extension to the Article 50 process and plans to exit the EU by end-March 2019.
‘By the end of March 2019 is the latest point’ that the premier wants the U. K. to leave the European Union, Prime Minister Theresa May’s spokeswoman, Helen Bower, tells reporters in London on Monday.
And cable slipped lower…

This post was published at Zero Hedge on Nov 21, 2016.