The pound has recovered most of Tuesday’s losses after MPs voted to reject Theresa May’s Brexit deal.
The vote opens up a range of outcomes, including no deal, a renegotiation of Mrs May’s deal, or a second referendum.
Sterling was still down on the day by 0.4% to $1.279 after declines of more than 1%.
The currency slumped 7% in 2018 reflecting uncertainty about the terms of the UK’s exit from the European Union.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.