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11/3/16

Brexit on hold?: May Unbowed by Ruling Pledges to Hold to Brexit Timetable - by Thomas Penny and Kit Chellel

U.K. Prime Minister Theresa May pledged to stick to her Brexit timetable after a court ruled that she needs Parliament’s permission to begin negotiations.

The government immediately said it will appeal the decision, adding that it believes the legal process will allow Britain’s exit from the European Union by mid-2019. The prime minister’s spokeswoman, Helen Bower, said plans to invoke Article 50 of the Lisbon Treaty by the end of March remained unchanged.

“The British people made a decision in the referendum and it’s the job of the government to get on with delivering the decision of the British people,” Bower told reporters in London on Thursday. “Parliament will have a role to voice its views through debates.”

The pound -- the worst-performing major currency of 2016 -- rose to a three week high against the dollar on the ruling even as lawmakers said it didn’t call into question the decision to quit the EU.

Read moreMay Unbowed by Ruling Pledges to Hold to Brexit Timetable - Bloomberg

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