NewsBreak: EU’s Tusk Confirms Brexit Delayed Until Jan. 31, 2020

0 – European Union Council President Donald Tusk confirmed via Twitter on Monday that the EU has agreed to extend the deadline for Brexit until Jan. 31, 2020, in line with the request from the U.K. government earlier this month.

The agreement is likely to include an earlier exit if a withdrawal agreement is agreed to by the U.K. before, according to various reports.

The U.K. Parliament is scheduled to vote later Monday on whether or not to hold a general election before Christmas, in a bid to try to ratify the withdrawal agreement agreed by the EU with Prime Minister Boris Johnson.

The pound was unmoved from earlier highs, rising 0.2% to 1.2844 as of 5:40 AM ET (9:40 GMT). EUR/USD inched up 0.1% to $1.1094.

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