*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).
Recreational pot went legal across Canada at midnight on Wednesday, but that doesn't mean everyone was able to get their hands on bud right away. Baker Machado takes a province-by-province look at what it'll take to smoke up and how Canada's journey could inform the U.S.
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Cheddar went to Montréal to get an up close look at the cannabis legalization effort, which begins Wednesday across Canada.
Washington, D.C., delayed the final vote on a bill that would severely limit operations for home-sharing companies like Airbnb and VRBO in the nation's capital in a surprise move by the D.C. Council Tuesday afternoon. The proposed regulations would ban short-term rentals of secondary properties in D.C. and put a 90-day cap on Washingtonians renting out rooms in their primary residences.
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Prominent business leaders have announced that they will not attend a high-profile conference in Saudi Arabia due to the current controversy surrounding the disappearance of a Washington Post journalist. Dan Primack, business editor at Axios, said while it's partly a PR move, if companies decide to pull out of business deals with Saudi Arabia it could be a huge detriment to the kingdom's economy.
Sarah Leah Whitson of Human Rights Watch said that the alleged murder of Jamal Khashoggi is finally opening up the eyes of the world to the "grotesque" human rights abuses from the Saudi kingdom.
