Investing.com - Judges in the U.K.'s Supreme Court will consider two appeals related to the prorogation of parliament on Thursday, the third and final day of hearings in the U.K.'s highest court.
The Supreme Court proceedings can be watched live in the video link below.
U.K. parliament was suspended last week and will not sit again until the Queen’s Speech on 14 Oct., which critics argue leaves little time for parliament to agree on a new deal with the European Union before its scheduled departure on 31 Oct.
Eleven justices will consider an appeal brought by entrepreneur Gina Miller. Miller is appealing the decision of London’s High Court, which dismissed claims that the suspension of parliament was unlawful. In this respect, the judges will have to consider if the parliamentary business of prorogation is even an issue that the courts can rule on.
Miller challenged the government over Article 50 in 2016, and won the case for the final Brexit deal to be agreed upon by parliament instead of by the government. Miller's case has been endorsed by former Conservative prime minister John Major. Major is expected to give evidence in the case against the government at around 11:00 GMT.
The second case the Supreme Court will rule on involves the government appeal against a decision made by Scotland's Court of Session. The court in Edinburgh, which applies a different legal system to the rest of the U.K., ruled the prorogation of parliament to be unlawful.
Scotland's highest court found that prime minster Boris Johnson’s suspension of parliament for almost five weeks stymied debate ahead of Brexit.
On Thursday the justices from the U.K.’s highest court will decide whether Prime Minister Boris Johnson’s move to suspend parliament between 10 Sept. - 14 Oct. was legal.
In the event parliamentary suspension is deemed unlawful, parliament may be recalled with immediate effect with or without the Queen's Speech. If Johnson is found to have misled the Queen when he sought approval for prorogation, he could be made to resign.
Super 'Supreme Court' Thursday
Data released from the Office of National Statistics on Thursday showed that retail sales fell unexpectedly in August. Month-over-month retail sales fell by 0.2%.
The Bank of England Monetary Policy Committee meeting is at 11:00 GMT, it is expected that the U.K. central bank will hold interest rates at 0.75%. All MPC members are expected to vote unanimously to hold rates steady.
Investors will be watching GBP pairs following the Supreme Court's ruling and for any indication from the BoE on future rate cuts. The Federal Reserve cut interest rates by a quarter point on Wednesday.
At 09:55 GMT, GBP/USD was flat at 1.2474.
The Supreme Court hearings and ruling can be watched live in the video link below: