Brexit: Bill to prevent no-deal reportedly set for speedy approval on Wednesday, April 3rd , GBP/USD rises

Conservative MP Sir Oliver Letwin and Labour MP Yvette Cooper have tabled their motion to vote on a Bill to prevent a no-deal Brexit and extend Article 50. It includes a speedy timetable in which MPs will vote on all three readings on Wednesday, April 3rd.

The second reading is due by 18:00 GMT (19:00 London time), and the third reading at 21:00 GMT (22:00 London time). If approved, the House of Lords will then debate it. After indicative votes on alternative Brexit paths failed, the centrist MPs are going for a binding vote that is more generic and aims to prevent a hard exit of the UK from the EU.

GBP/USD reacted positively on the news, rising back to 1.3050. It hit a low of 1.3013 earlier.