Currencies: British pound gains after Parliament seizes control of Brexit process

The British pound on Tuesday strengthened against its main rivals as the U.K. Parliament seized control of the Brexit process late Monday, dealing a fresh blow to embattled Prime Minister Theresa May.

In another reasonably close result, 329 members of Parliament voted in favor of so-called indicative votes to narrow down Brexit votes that can get majority support. A range of options will be taken up for a vote on Wednesday. These alternatives could include a second referendum, canceling Brexit altogether or a no-deal exit from the European Union.

Brexit Brief:MPs take control of Brexit process

May’s deal was expected to come to a third vote this week, after earlier versions were rejected by lawmakers in January and earlier this month.

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