Parliament votes against a no deal exit

In the second vote of three, the UK parliament last night voted by a majority of 49 against the prospect of the UK leaving the EU without a deal. Of the three motions being put to parliament vote this week, last night’s decision against leaving without a deal was the one that was expected to go through without a hitch. On the news, the pound predictably rallied in Asian trading as investors took reassurances that this was a step in the right direction to avoiding a disorderly exit. Despite the certainty of the vote against a hard Brexit the fact remains that there is still no agreement on an exit deal which, despite the desire to exit with a deal, leaves parliament stuck in the same quandary.