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France and Germany split over length of proposed article 50 extension - The Guardian

Daniel Boffey, an editor at The Guardian, has noted that France and Germany are understood to be at loggerheads over both the length of the extension and the conditions that the EU should put on a delay to Brexit:

Key quotes:

  • "The German chancellor, Angela Merkel, is arguing that a short extension to 30 June is unlikely to provide enough time for the impasse in Westminster to be broken, and Berlin is seeking an extension until 31 December."
  • "Germany believes that the biggest incentive for Conservative MPs to back the Brexit deal is the threat of holding European elections."
  • "The French president, Emmanuel Macron, meanwhile, is understood to looking at a very short extension, possibly up until before the European elections, sources have said. There could be a further extension if the UK signs up to stringent conditions, Macron has said."
     

GBP/USD bulls capitulating below 1.31 handle post FOMC minutes

The dollar picked up a bid following the FOMC minutes where markets were in anticipation of a potential dovish tone. Instead. they came through with n
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Brexit: Draft summit conclusions allow EU 27 for more meetings without UK during extension

Citing the updated draft conclusions statement of today's Brexit summit, Reuters reported that the European Union will have more meetings without the
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