Brexit extension requested, meaningful vote rejected

Brexit extension requested, meaningful vote rejected

Saturday saw a rare parliamentary session where lawmakers voted to request an extension to Britain's exit from the EU rather than vote on the final Brexit deal negotiated by Boris Johnson's government, allowing the withdrawal agreement to be put into legislation first. Following this, today the Speaker of the House of Commons, John Bercow, has refused another meaningful vote on the deal. Since it was announced that the UK had successfully negotiated a new withdrawal agreement with the EU, sterling had rallied around 5 per cent against the euro, while the domestically focused FTSE 250 index rose around 5.5 per cent as uncertainty ebbed. Both have held their poise today in the immediate wake of the Speaker's decision and are holding onto gains made last week in wait of the next step. By Thursday it is expected that the completed Brexit Withdrawal Bill will go to a vote before any practical time line is agreed, should the bill pass.