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.”
“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.”
U.K. Speaker of the House John Bercow blocks Theresa May’s Brexit deal from going to a third vote in its current form pic.twitter.com/zUJGrb9FVP
— TicToc by Bloomberg (@tictoc) March 18, 2019
And while not the end of the world, it is sending sterling lower…
via ZeroHedge News https://ift.tt/2Ocp5GT Tyler Durden