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British lawmakers have voted in favour of the first stage of the law to force the government to delay Brexit by three months with a majority of 29, 329 vs 300.

Although the British pound’s reaction to this development was relatively muted, the GBP/USD pair continues to inch higher. As of writing, the pair was up 1.05% on the day at 1.2211. Later in the session, markets will be paying close attention to the final round of the vote on the Brexit bill.