The markets seem to have survived the Brexit uncertainty: the Sterling, hit by the May deal's defeat last night, now has rebounded, floating around $1.28 against the US dollar.
The aforementioned Brexit deal of UK Prime Minister Theresa May was rejected by lawmakers yesterday with 202 votes for versus 432 against. This crushing vote led the PM to another no-confidence vote, set to take place later in the evening, following a debate in the House of Commons.
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"The markets and the country are looking to parliament for direction and one would expect continued volatility…. The market is waiting," Carney said, testifying at the Treasury Committee in the UK Parliament.
The sentiment in the market reflects some expectation that the attempts to resolve the issue would be extended and that the prospect of no-deal Brexit may have been waned, Carney added.
