A defeat was deemed to be indicative that Brexit would likely not take place
The votes are in for a key amendment that looked to remove the fixed Brexit date of March 29, 2019.
That amendment was rejected (favor of the government).
The GBPUSD has moved higher and trades at a new session high on the news and tests the topside trend line on the hourly chart. The 100 hour MA will now be eyed as support (blue line in the chart below).
