The UK government must pass Article 50 through parliament, as it is a change of UK law. This is the opinion of 8 justices against 3. The majority explains the decision by saying that the exit from the EU affects the rights of the people. The dissenting three members see the government’s prerogative. So, the ruling states that the government must present a bill, not a motion. This is a lengthier process but is unlikely to slow the process.

On the other hand, the government does not need to consult Scotland or any other devolved entities regarding Brexit. This means that the British parliament at Westminister will go ahead by exiting the EU. Scotland is clearly opposed to Brexit but does not have a say. They could have stopped the process.

GBP/USD bounces to 1.2530 but continues wobbling. Update: After the initial rise, GBP/USD changes direction and falls to 1.2450.

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