House approves Brexit deal

English Jan 1, 2021

UK House of Commons legislators voted in favor of implementing the partnership agreement with the European Union after the end of the Brexit transition period.

There were 521 votes in favor and 73 against the approval of the European Union's bill.

Labor leader Keir Starmer announced during a parliamentary debate earlier in the day that his party would support the deal, easing fears that the bill, which ratifies the future UK-EU relationship deal, would not pass the House. of the Commons.

The future partnership agreement, which was agreed by the Prime Minister of the United Kingdom, Boris Johnson, and by the President of the European Commission, Ursula von der Leyen, on December 24, should provisionally enter into force on January 1.

The European Parliament and the Council of the European Union are expected to deliver their opinion on the agreement in early 2021.

Impact on Currencies

The UK's exit is seen as negative both for itself and for the European Union. Much has been questioned about the long-term viability of the bloc. Although Libra suffers, it tends to remain firm, after all among the currencies used, it is the oldest in history. The euro, however, is relatively new, with about two decades of life, depends on the success of the relationship between all the countries that form the economic bloc, whose cracks start to stand out.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.