Earlier, Michael Gove, who coordinates Brexit preparations, has confirmed that there will be no meaningful vote if the Letwin amendment passes. The PM is set to speak immediately after the
— more to come
Letwin amendment background
The Letwin amendment requires the government to ask for an extension to Brexit if the full Withdrawal Bill (WB) is not passed by parliament by the end of Saturday, October 19. Prime Minister Boris Johnson is said to boycott the “meaningful vote” on his Brexit deal and make a vote on the WB – probably on October 22 – the significant vote.
Passage of the amendment means further uncertainty may weigh on the pound when trading opens in Asia on Sunday night. GBP/USD.
A failure for the Letwin amendment opens the door to approving the deal and sending sterling higher. Support for the deal is rising, as hardliners are backing it.
More Brexit: Four scenarios and GBP/USD reactions as the deal reaches parliament
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