GBP/EUR falls as MPs vote to seek #Article50 Extension #EXCHANGE

eu/gdpThe pound has slipped against the euro this morning (Image: Getty Images)

February’s Eurozone Consumer Price Index performed as forecast, with the annual figure rising by 1.5 percent. Inflation in February rose by 0.3 percent after contracting by -1 percent in January. This was the largest monthly increase since September 2018, which likely provided the single currency with further support. Last night, the House of Commons voted to seek an extension to Article 50 and delay Brexit beyond 29 March.

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Prime Minister Theresa May said that Brexit could be delayed by three months, with the UK leaving the European Union on 30 June.

Nevertheless, Mrs May warned that extending Article 50 by longer than three months could harm trust in democracy as it would mean the UK would have to take part in European Parliament elections in May.

In the coming days, the Prime Minister is set to attempt to persuade MPs for the third time to back her Brexit deal.

MPs are to have a third “meaningful vote” next

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