*By Brian Henry*
Even as British Prime Minister Theresa May suffered an embarrassing defeat as her Brexit vote was voted down in Parliament, and then only narrowly survived a no-confidence vote, investors remained relatively unrattled.
According to Chris Demetriou, the U.S. CEO at Aberdeen Standard Investments, the mild response to the vote was not a surprise.
"There are two elements to it," he told Cheddar Wednesday.
"The vote \[Tuesday\] and the no confidence vote \[Wednesday\] weren't really a surprise to anybody. It's long been speculated Theresa May didn't have the votes to carry the deal through Parliament."
Demetriou said that the decision by British lawmakers to reject the Brexit deal by such a historic margin ー 432 to 202 ーearlier this week actually has investors feeling confident.
"The resounding defeat, the size of the defeat, really suggests that a tweak to the deal probably isn't going to help get it through either. I think that, perhaps, is giving investors confidence that the can will be kicked down the road or potentially even a more formal withdrawal of Article 15."
"Investors want as a little change as possible in the current arrangement," he added.
Demetriou says productive trade talks between the U.S. and China as well as the Federal Reserve displaying patience on future rate hikes have led to less market volatility.
"A lot of the uncertainty we saw in the back end of the year, the escalation of trade discussions, perhaps concern around fed policy coming into 2019 ー a lot of that has reversed in the beginning of January."
But will the relative market peace last?
"There's a lot of positive news or certainly constructive news out there to offset some of the uncertainty that exists," Demetriou said.
"We do expect continued uncertainty, which breeds volatility in the markets and that will continue throughout the year."
For full interview [click here](https://cheddar.com/videos/the-uk-government-survives-no-confidence-vote-after-brexit-defeat).
These are the headlines you Need 2 Know for Thursday, Dec. 13, 2018.
A new platform is inviting politically progressive consumers to vote with their wallets. The Progressive Shopper platform is designed to educate left-leaning shoppers about political donations made by their favorite brands.
All eyes were focused on Google CEO Sundar Pichai when he testified in front of Congress on Tuesday. But stealing the spotlight was a face in the background ー the Monopoly Man, resurfacing to troll corporate America once again. According to Ian Madrigal, the D.C. attorney behind the viral persona, the mustachioed figure is the ultimate symbol of corporate malfeasance.
Amazon's HQ2 decision was among the greatest "PR scams" in history, according to the state senator that represents the New York district that will be home to one-half of the new split headquarters. Michael Gianaris, the Democratic state senator from New York's 12th district, which includes Long Island City, told Cheddar that the state badly misplayed its hand in giving Amazon billions in incentives to build an outpost in the booming Queens waterfront neighborhood.
Sensing the shifting political winds, New York Gov. Andrew Cuomo is reportedly planning to introduce a "green new deal" that would legalize recreational pot as part of the inaugural speech he will deliver from Ellis Island on New Year's Day.
These are the headlines you Need 2 Know for Wednesday, Dec. 12, 2018.
Gene Munster isn't worried about Apple. The managing partner of Loup Ventures and venture capitalist told Cheddar Tuesday that the tit-for-tat with Qualcomm over iPhone sales in China is insignificant for Apple's long-term value.
These are the headlines you Need 2 Know for Tuesday, Dec. 11, 2018.
Boris McGiver didn't need to research his journalist character on "House of Cards" ー he simply had to read the scripts.
"The writing was and remains so good," McGiver said Monday of the show, which was the first of Netflix's ($NFLX) binge-watchable programming when it premiered in 2013 and is now wrapping up after six seasons.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Cheddar's Class Clown Award Goes to Elon Musk.
