BTMU on the ruling"
The Supreme Court is expected to rule that parliament should have a say in triggering Article 50. The market would welcome greater parliamentary involvement in the process viewing it as reducing the risk of a more disorderly Brexit. The wording of the ruling with regards to parliamentary involvement will prove important. A defeat for the government could increase the risk that the triggering of Article 50 is a little delayed, although it will not stop Brexit. We expect a majority in parliament to honour the referendum result and vote in favour of triggering Article 50. It has not all been good news for the pound in the near-term."
