UK Prime Minister Boris Johnson got the backing from Commons on his Brexit Withdrawal Agreement Bill in principle (second reading), with 329 to 299 votes. However, more MPs were against the ultra tight timetable to complete the legislative process. They believed that more time is needed to scrutinize the details, than just three days of debate. The schedule for the bill was voted down by 322 to 308 votes.
Another Brexit delay beyond October 31 looks inevitably needed. But Johnson refused to commit to that yet. He said after the votes “let me be clear: our policy remains that we should not delay, that we should leave the EU on Oct. 31 and that is what I will say to the EU and I will report back to the House”.
Hours later, European Council President Donald Tusk tweeted that he will recommend the EU27 to accept UK request for extension. And he will propose a written procedure, i.e., without another emergency summit.
Sterling weakens slightly after the news. GBP/USD’s retreat from 1.3012 might extend lower. But there is no indication of reversal yet.
