European leaders maneuvered to stop a chaotic no-deal Brexit happening next week, handing the U.K. an extra two weeks. The cliff-edge that investors were dreading has been postponed — but a new cliff-edge loom on April 12 when the U.K. will have to decide on the way forward.
Key Developments:
✅ EU leaders offer an unconditional extension of the Brexit day deadline, according to final communique
✅ U.K. needs to decide by April 12 what it will do next: This is the cut-off because it’s when U.K. has to decide whether to take part in EU elections
✅ EU is increasingly worried about avoiding the blame of a no-deal scenario
✅ May told leaders she still thinks she can get her deal passed; that was met with skepticism
