UK Brexit Secretary Barclay: Speaker's ruling makes it unlikely that vote will be this week

Haresh Menghani FXStreet

The UK Brexit secretary, Stephen Barclay crossed the wires in the last hour saying that speaker has raised the bar with his ruling, which makes it unlikely that a meaningful vote will be held this week.

Key quotes:

• Speaker has said before we should not be bound by precedent.
• To bring back the third vote, we need a shift from lawmakers.
• Will discuss Brexit this morning at Cabinet meeting.
• Now is a situation where we need an extension to Brexit.
• We need to look at the extension, what assurances we can give and whether that passes the speaker's test.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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