Sterling Slides As UK Speaker Blocks May’s Unaltered Deal Vote

Cable is sliding back below 1.3200 following a surprise move by the UK Commons Speaker John Bercow blocks UK PM May’s third-time’s-the-charm Brexit deal…

Specifically, Bercow notes that the government can’t ask lawmakers to vote again on May’s already-rejected Brexit deal unless it is altered.

“What the government cannot legitimately do is to resubmit to the House, or substantially the same proposition, as last week, which was rejected by 149 votes.”

And while not the end of the world, it is sending sterling lower…

via ZeroHedge News Tyler Durden

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