GBP/AUD has slightly increased on Tuesday Brexit hopes, but it’s still under pressure as John Bercow, Speaker of the UK’s House of Commons, ruled out another vote on Prime Minister Boris Johnson’s latest deal.
The pair has gained 0.12% to 1.8881 as of 05:00 AM UTC. The quotation tried to break the resistance line of a sideways channel yesterday but without success.
Bercow Denies Another Vote
Last week, Boris Johnson reached an agreement with the European Union (EU) but couldn’t pass it through the UK parliament on Saturday. He had hoped to leave the bloc by October 31, but the Saturday failure forced him to send a formal letter to extend the deadline again.
Now the PM has to convince the parliament to vote the deal this week, but John Bercow ruled that another meaningful vote in the House of Commons would be “repetitive and disorderly.” He said:
“Today’s motion is in substance the same as Saturday’s motion, and the house has decided the matter. Today’s circumstances are in substance the same as Saturday’s circumstances.”
“The motion will not be debated today, as it would be repetitive and disorderly to do so,” the speaker added.
For those unfamiliar, the meaningful vote is a “yes or no” vote. Since it’s has been ruled out, MPs have to pass necessary Brexit legislation known as the Withdrawal Agreement Bill (WAB), which has to go through full parliamentary review in both the Commons and the Lords. However, this might take weeks rather than days.
GBP/AUD started to move slightly lower soon after Bercow voiced his refusal.
Boris Johnson Urges Parliament to Back Withdrawal Bill
On the other side, Johnson appealed to lawmakers to back his Brexit bill this week. He stated that neither he, the EU or the public wanted another delay. He is now looking to pass the WAB through parliament as soon as possible.