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David Page, Senior Economist at AXA Investment Managers (AXA IM), comments on High Court ruling: “The pound has picked up sharply on the High Court ruling that the UK government does not have prerogative to trigger Article 50 without Parliamentary approval. This was unexpected and goes against the weight of legal opinion before the decision. The government can appeal this decision and the Supreme Court said it has already set aside time for an appeal (5-8 December). Or the government can ask Parliament for the right to trigger Article 50. |
“The risk to the former course is the decision is upheld and could potentially delay PM May’s deadline for Art 50 triggering of March 2017. |
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