Brexit Deal: European Union is Getting Ready to Postpone Brexit to at Least until July

Brexit Deal is one of the biggest financial news headlines at this time, GBP/USD at high volatility as Brexit Deal latest update, The European Union is getting ready to postpone Brexit to at least until July when the new European Parliament convenes. This would be a delay of around three-four months from the original March 29th deadline. As reported from Forex Crunch, European Union Council President Donald Tusk is readying an extraordinary EU Summit to accept a delay request, should one come from the UK

This Brexit deal postpone is the first time that a new date has been set. It is also the first report about preparations from the European side to an extension of Article 50 agreement. and now the news media focused on a move by the British team, but quickly denied by the government again and again, so exhausted process 

Process of Preparations in European sides in Brussels and a new date could boost the British Pound against other currencies. GBP/USD had already begun moving higher on hopes for a delay, and now they sound more concrete. The farther the can is kicked down the road, the better for Sterling. While markets dislike uncertainty, they hate Brexit, and any delay is a blessing for people or investors who hate Brexit

Meanwhile in London, Brexit Secretary Barclay said that there has been “bright and positive movement” over the weekend, but PM Theresa May is still set to lose the vote by a wide margin. She will then have three days to present a new program but the clock is still ticking, and MP’s would prefer a delay to new elections in which they could lose their seat. Brexit Deal will be the greatest exit