Theresa May retreats and ready to postpone Brexit

Main news: The Prime Minister of Britain is ready to postpone the date for Brexit.

This is the defeat of British Prime Minister May but perhaps good news for the whole of Britain. On Tuesday morning, unofficial reports were released saying that May is ready to postpone the Brexit date with the official Brexit date already on March 29.

The leader of the rival political party, Jeremy Corbyn of Labor party, immediately announced that the opposition will seek a repeat Brexit referendum.

Anyway, the question of Britain's release date can give a lot of extra time considering that the output can be postponed for a year as an example.

The market is waiting for an impetus for the spring trend. For this week, there is more important news in the US which is the Fed's speech on the semi-annual monetary policy report to Congress on Wednesday, February 27, and the US GDP report for the 4th quarter on February 28.

The euro is waiting for an impulse to exit the 4-month consolidation and price trend.

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The material has been provided by InstaForex Company - www.instaforex.com

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