London’s High Court will deliver its eagerly awaited verdict on Thursday on whether British lawmakers, rather than the government, must trigger the formal process of leaving the European Union, lawyers involved in the case said.
The court heard a challenge last month from campaigners who argued Prime Minister Theresa May and her ministers do not have the authority to invoke Article 50 of the EU Lisbon Treaty, the mechanism by which a nation can leave the bloc, without the explicit backing of parliament.
May has said she would invoke Article 50 by the end of March next year, starting a two-year divorce procedure, and stated that, while Members of Parliament would have the chance to debate the exit plans, they would not get a vote on triggering the process.
EUR/USD – Euro Climbs to 3-week High, FOMC Rate Announcement Next
Trump Resurgence Rattles Markets Ahead of Fed
Housebuilding Sends UK Construction PMI to Seven Month High
