Investing.com - U.K. Prime Minister Boris Johnson hinted that the EU would be willing to grant an extension to the Brexit deadline, but said U.K. lawmakers should back an early Dec. 12 general election to get more time to scrutinize the Brexit deal.
- Citing public and private talks with European Council President Donald Tusk, Johnson said "it was clear" that lawmakers in Brussels would back an extension to Oct. 31 Brexit deadline until Jan. 31. But he also said that it was possible the EU may offer a shorter delay to Brexit to Nov. 15 or Nov. 30.
- If a delay is granted to the end of January, Johnson said he would hold a Commons vote next week on a Dec. 12 election and try to get his deal through before Parliament is dissolved by midnight on Nov. 6 should labor back an early election.
- The pound rose after news. GBP/USD pared losses and was down 0.5%.