Britain Sets out Reasons to Bypass Parliament over EU Divorce Papers

The British government’s legal reasons for stating that Prime Minister Theresa May had the power to begin divorce proceedings from the European Union without parliament’s authority were made public for the first time on Wednesday.

In its submission ahead of a Brexit court challenge next month, the government argued that it had been “unequivocal” that the outcome of June’s referendum would be respected and that constitutionally a decision to withdraw from the bloc was a power that only ministers could take on behalf of the monarchy.

A series of claims have been brought to force May and her MPs to accept parliament must trigger Article 50 of the Lisbon Treaty, the formal exit procedure.

Reuters

USD/CAD – Canadian Dollar Listless Ahead of US Durables

EUR/USD – Euro Unchanged, German CPI Next

S&P Sees Slowdown but No Recession for UK and Euro Zone After Brexit

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.