Brexit Latest: British Pound Climbs as Parliament Vote Passes

BRITISH POUND, BREXIT LATEST, UK PARLIAMENT VOTE

• British MPs pass vote to take control of Parliament agenda 328-301 in latest blow to Brexit hardliner and Conservative PM Boris Johnson

• GBPUSD rose to session highs as the Pound Sterling erased losses earlier in the day on damped no-deal Brexit risk

• Check out our Brexit Timeline for details on how Brexit negotiations have impacted the UK, Pound Sterling and financial markets

With British MPs now in control of Parliament‘s agenda, the House of Commons is set to debate and vote on a motion during tomorrow’s session aiming to delay the October 31 Brexit deadline. The move comes in response to last weeks Brexit development when PM Boris Johnson received approval from the Queen to suspend Parliament and force a no-deal departure from the EU.

Following the results, a frustrated PM Boris Johnson stated that “Parliament is on the brink of wrecking any Brexit deal,” adding that if Parliament votes to delay Brexit on Wednesday a general election will be called. On the other side of the isle, Labour Party leader Jeremy Corbyn stated that he welcomed tonights vote.

GBPUSD PRICE CHART: 15-MINUTE TIME FRAME (SEPTEMBER 02, 2019 TO SEPTEMBER 03, 2019)

The British Pound extended its intraday rebound following the latest Brexit vote results. The Pound Sterling may continue to climb as it mirrors the fall in no-deal Brexit risks.