Wall Street Breakfast: EU Grants A Brexit Extension, But Not For Long

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The European Union decided to give the United Kingdom an extension on negotiating an exit from the EU - but it won't be a long reprieve if UK Prime Minister Theresa May can't get a win in Parliament. European Council President Donald Tusk said Article 50 would be extended to May 22 if Parliament can reach a withdrawal agreement next week; but failing that, the deadline is extended only to April 12. In the meantime, the EU is continuing preparation for a no-deal Brexit. The pound sterling is down 0.1%.

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