CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Brexit:Theresa May granted two-week delay from EU

European Union leaders have granted a two-week reprieve to UK prime minister Theresa May, if she fails to convince lawmakers to back the withdrawal treaty she made with Brussels.

May had intended to delay Britain’s departure until June 30 to tie up loose ends, but the EU have given her until April 12 before Britain could exit the EU.

EU leaders had planned to back a shorter extension to May 22, but diplomats said that May failed to reassure them she could win.

UK Parliament divided on Brexit

After lengthy hours of summit brainstorming on Thursday, May’s peers ramped up pressure on parliament to support May. However, many remain divided on whether to leave and how.

French president Emmanuel Macron pitched a surprise ultimatum for Britain to be out, deal or no deal, by May 7.

However, it was the extension would be upon for May 22, on the condition that May gets parliaments backing next week. If it does not back May, Britain will have until April 12 to offer a new plan or choose to quit without a treaty.

EU leaders said, the very last date Britain must leave would be June 30, before the new EU parliament convenes.

April 12, or May 22

Summit chair Donald Tusk said, ‘All options will remain open and the cliff-edge date will be delayed’.

The UK government will still have a choice between a deal, no deal, a long extension or revoking Article 50 (the withdrawal notice),' he said at a news conference.

If Britain decides by April 12 against holding the EU election, it could then leave the EU without a deal at any time up to May 22.

'What this decision tonight does is show the clear choice that is open to MPs.

'I think the choice is clear for people.' May said

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