Comments from day three of the Brexit hearing
New Brexit treaty likely to be voted on by both houses
Parliament will have a central role in changing domestic laws
(these comments via Bloomberg)
This is potentially bullish for the pound but I'm trying to find greater detail. It sounds like a new Brexit treaty would be something that's put together around enacting article 50, which would be something MP's would have to vote on.
GBPUSD is up to 1.2299.
More now from the government lawyers (from Reuters);
UK and EU could agree that any deal would come into effect without parliamentary approval
UK parliament will very likely have to ratify agreement with EU when country exits the bloc
This is all getting headline messy now. This is likely to mean negotiations after article 50 has been lit up, not on whether the parliament should vote on article 50 in the first place. The pound has sunk on this comment. Those last comments are from Reuters and they alter the tone of the original comments listed via Bloomberg.
