The Economist (November 5)
2016/ 11/ 07 by jd in Global News
“It is rare for a court judgment to cause turmoil in the foreign-currency markets. Yet the pound soared on the morning of November 3rd after the High Court in London ruled that only Parliament has the authority to trigger Article 50 of the European Union treaty, the legal route for Britain to leave the EU.” The decision ignited market hopes “that Parliament might choose to block Brexit altogether or, perhaps more plausibly, that it will attach conditions,” increasing the likelihood of a “soft” Brexit.
Tags: Article 50, Brexit, Court, EU, Foreign currency, Judgment, Markets, Parliament, Pound
