Brexit Proceedings: Second reading of WB on Tues, European Patl. ruling out vote this week

  • Latest Brexit headlines state that the vote of a Brexit deal will not be pulled.
  • Latest Brexit headlines state a 2nd reading of the withdrawal bill will be tomorrow.

A number of Brexit related headlines are starting to come through following a decision by the House of Commons speaker Speaker to refuse to allow a vote on it on Monday.

With just 10 days left until the United Kingdom is due to leave the EU on Oct. 31, speaker John Bercow said a vote should not be allowed on Monday as the same issue had been discussed on Saturday when opponents turned Johnson’s big Brexit day into a humiliation.

“In summary, today’s motion is in substance the same as Saturday’s motion and the House (of Commons) has decided the matter. Today’s circumstances are in substance the same as Saturday’s circumstances,” he said, “My ruling is therefore that the motion will not be debated today as it would be repetitive and disorderly to do so.

Johnson and Brexit supporting lawmakers were disappointed by the decision, a spokesman said.

Meanwhile, a flash headline via Twitter sated that the European parliament may have ruled out a vote on Brexit deal this week – If confirmed, further narrows odds of Oct 31.

Vote of Brexit deal will NOT be pulled

As for this week’s UK Parliamentary proceedings with respect to Brexit, UK House of Commons leader Rees-Mogg announced that the Withdrawl Agreement will be published shortly and that the house will have 2nd reading of the withdrawal bill tomorrow.

  • House will then have the commencement of committee on Tuesday;
  • Plan to conclude commons proceedings on EU withdrawal bill on Thursday;
  • Vote of Brexit deal will NOT be pulled.

FX implications

More to come…


Get the 5 most predictable currency pairs

About Author

Comments are closed.