KEY POINTS
  • U.K. lawmakers have voted to take control of the Brexit agenda in the U.K. Parliament.
  • A series of "indicative votes" on what MPs prefer will now take place on Wednesday.
  • Sterling barely budges as the likelihood of a soft Brexit is countered by the potential of a general election.
  • As these votes would be non-binding, it's still possible that the government could ignore any results. May has also said there is no guarantee she will abide by their wish for these indicative votes.
Prime Minister Theresa May returns to Downing Street on March 18, 2019 in London, England.

Lawmakers in the U.K. have voted to effectively rip control of the Brexit process away from Theresa May's ailing government.

Working late into Monday night, MPs (Members of Parliament) voted to pass an amendment proposed by a cross-party group of lawmakers in the hope of finding a Brexit solution. The measure passed with 329 votes in favor of the proposal and 302 voting against.