Today´s news from the UK Goverment confirm, that the PM Theresa May´s Cabinet is asking the European Union for an extension of the Brexit deadline. The preliminary timetable was that the UK would leave the EU next week on Friday the 29th March.
Tomorrow on Thrusday, the European leaders are having a meeting to discuss about the Brexit situation. It is expected that the delay for the Article 50 would be a short one in order to avoid the EU elections.
The stock markets were having a negative sentiment today and for example the German Dax-index was down 0,88 % to 11685 points, the France CAC 40 -index was down 0,09 % to 5420 points. In London the FTSE index was down 0,04 % to 4012 points.
Euro was trading down 0,06 % to 1,134 dollars and the UK sterling was down 0,27 % to 1,323 dollars. The dollar was up 0,17 % to 111,58 yens and euro was up 0,24 % to 0,8577 pounds.