'These are not normal times': Reaction to May's defeat as attention turns to no-confidence vote

Uncertainty continues

Industry commentators are expecting markets to remain volatile as uncertainty continues following the historic defeat for Prime Minister Theresa May's Brexit deal on Tuesday night.

The UK Government lost the vote on its Withdrawal Agreement and Political Declaration on the UK's future relationship with the EU by a historic margin of 432 votes to 202. This led Labour leader Jeremy Corbyn to table a vote of no confidence in the government immediately after the defeat, which will take place this evening. If Labour wins the vote then it is expected to call for a general election while if unsuccessful May will have to come up with a ‘plan B'. Laith Khalaf, senior analyst at Hargreaves Lansdown, warned the vote tonight would be another "pinch point" for currency ma...