Breaking: UK lawmakers accept Brady amendment, GBP/USD extends losses to 1.3070

British lawmakers have accepted the amendment, 317 vs 201, tabled by Graham Brady, chair of the 1922 Committee is the voice of Tory backbenchers, that aims to replace the Northern Irish backstop with an alternative. 

However, the fact that EU officials on numerous occasions said that there would be no renegotiations didn't allow the GBP/USD to stage a recovery despite this outcome. As of writing, the GBP/USD was trading at 1.3070, losing 0.7% on the day.