U.K. Prime Minister Theresa May, as well as her Conservative-led government, survived a vote of no-confidence in the House of Commons Wednesday and vowed to bring a new plan for Britain's exit from the European Union to Parliament sometime next week.
Lawmakers voted 325 to 306 against the motion of no confidence, a result that largely rested on party lines, after five hours of spirited debate and just one day after May suffered the biggest defeat in Parliamentary history when the House of Commons rejected her withdrawal agreement by 230 votes.
"I am pleased that this House has expressed confidence in the government tonight," May told lawmakers immediately following the vote. "We will continue to work on the solemn promise we made to the people of this country to deliver on the verdict to leave the European Union."
May also said she would reach out to opposition party members in order to come up with an alternative to her rejected withdrawal bill, although multiple media reports suggest she will not meet or speak with Labour Party leader Jeremy Corbyn, who called for the vote of no confidence late Tuesday evening.
The pound was marked at 1.2862 against the U.S. dollar following the expected verdict, a level that was little changed from last night, but still the highest since late November, as investors betting the parliamentary impasse could potentially trigger a softer exit from the EU that would maintain Britain's access to the single market.