Industry commentators have said there is an increasing likelihood Article 50 will be extended beyond 29 March to allow more time for the UK to secure an orderly exit from the European Union.
Echoing her views was Geoffrey Yu, head of UK investment office at UBS Global Wealth Management, who said the EU has been left in a tricky situation as it needs to work out what is acceptable for the House of Commons.
"We continue to see, as indicated this evening, that there is a majority for preventing no deal, yet this scenario remains the default position," Yu continued. "All eyes will turn to the EU as the question now becomes what is achievable in new negotiations.
"As things stand, an extension is not entirely unthinkable."
Meanwhile Chris Cumming, CEO of the Investment Association, said an orderly Brexit transition must remain the common goal in order to protect UK and European savers.
"With exactly two months before the UK leaves the EU, asset managers and the millions of savers and businesses who rely on them are looking for greater certainty.
"It is critical that every effort is now made to find a constructive path forward that protects Europe's savers and investors from the cliff edge effects that a no-deal Brexit could bring," he concluded.
