UK Brexit Secretary Barclay – Key Takeaways

• Speaker has raised the bar with his ruling to bring a vote back a third time; we need a shift from lawmakers.
• We will discuss Brexit this morning at Cabinet. Speaker has said before that we should not be bound by precedent.
• Speaker’s ruling makes it unlikely that vote will be this week
• We need to look at the extension, what assurances we can give and whether that passes the Speaker’s test.
• There will have to be a short extension.
• Now in a situation where we need an extension to Brexit.

So far, the market has shown a muted reaction upon these remarks.

Stay tuned to FX Leaders more updates!