Brexit: What To Watch For This Week As Vote On Johnson’s New Deal Is Blocked—Again

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Brexit: What To Watch For This Week As Vote On Johnson’s New Deal Is Blocked—Again
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Will Boris Johnson's deal pass? Here's what to watch out for this week:

: British prime minister Boris Johnson's push for lawmakers to approve his new Brexit deal were blocked once more on Monday, after his bid to pass it on Saturday was thwarted.

But speaker John Bercow blocked the vote from going ahead on Monday, saying that it would be"repetitive and disorderly to do so." House of Commons rules prohibit the same question from being asked and debated twice in the same parliamentary session, so as to not waste time. The pound initially rose to a five-month high on Monday, passing the $1.30 mark as investors expressed relief at Johnson’s request for a Brexit delay and were optimistic that a deal will pass. But it dropped slightly, to $1.298, after Bercow blocked the second vote.Johnson was hoping to get his deal through on Saturday, when lawmakers were gearing up to vote on the deal in a rare weekend sitting.

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