We'll leave European Union on March 29, says Theresa May over Brexit plan

Euro hits seven-week low against the pound; EU countries ready to make concession on Irish border

British Prime Minister Theresa May on Wednesday said the country will be leaving the European Union on March 29, and that the bloc would only consider extending the ‘Article 50’ negotiating period if there was a credible alternative exit plan.

“The government’s policy is that we are leaving the European Union on the 29th of March. But the EU would only extend Article 50 if actually it was clear that there was a plan that was moving towards an agreed deal,” she told parliament, a day after her proposed Brexit deal was rejected by a large margin.

Meanwhile, German business