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    Bank of England governor Mark Carney leaves Number 10 Downing Street in central London, Britain October 31, 2016

    WATCH Bank of England Head Addressing UK Parliament After May Deal's Defeat

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    Bank of England Governor Mark Carney is addressing the UK Parliament amid the Brexit uncertainty. The top financial official was speaking to the Treasury committee about financial stability and UK inflation data.

    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.

    Tags:
    Brexit, Mark Carney, Theresa May, United Kingdom
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