Parliament vote on election

Tonight was a good night in Parliament for the financial markets as MPs took another step towards delaying Brexit from 31^st October 2019 to 31^st January 2020 and their rejection of the Prime Minister’s call for an election meant the door to Labour’s anti-business policies remained closed. That explains why the pound strengthened back to $1.22 earlier today in anticipation of these events. But this (relative) sweet spot is unlikely to last long.