Johnson’s deal debated in parliament; markets unmoved.
After speaker Bercow ruled out another vote on the PM’s Brexit bill yesterday, today we saw our MP’s debate the Withdrawal Bill and the timetable in implementing the new plan. Words were crossed backwards and forwards in parliament and the outcome being Boris saying that ‘If his programme was rejected, he would instead push for a General Election.‘
The vote on this programme is due for 7:00pm this evening which will either give or deny the first nod of approval. If it does get through the first hurdle there will be a second vote on how to secure the three-day timetable.
The markets didn’t read much into today’s debating with GBP/EUR trading within a 30-pip range and cable rates fluctuating between half a cent, hitting a mid-market high of $1.2951.
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