• EU lawmakers hold final Brexit debate before decisive vote

Market news

27 April 2021

EU lawmakers hold final Brexit debate before decisive vote

Reuters reports that EU lawmakers kicked off a last debate on Tuesday on the post-Brexit trade agreement between the European Union and Britain, ahead of a vote that is expected to give the accord overwhelming approval.

That vote will be the final step towards ratification of the EU-UK trade and cooperation agreement, struck in December after more than four years of acrimonious negotiations and lingering mistrust as Britain ended 47 years of EU membership.

The accord crafted in the last days of 2020 only entered force on a provisional basis until the end of April, pending approval from the European Parliament. Lawmakers will vote late on Tuesday, with the outcome made public on Wednesday morning.

There is no doubt that they will back the deal, after assembly committees earlier cleared it by 108 votes to 1. If they did not, EU-UK ties would fall back to basic World Trade Organization terms, with quotas and tariffs.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.