Investing.com - Sterling surged on Wednesday as concerns about a no-deal Brexit eased after opposition lawmakers won a vote giving them control of the House of Commons agenda, allowing them to move a bill later Wednesday that would make a "no-deal" scenario impossible. The risk of "no-deal" is still on the table, however, as Prime Minister Boris Johnson has promised to call for snap elections that would amount to a national vote of confidence in his current Brexit policy.
• GBP/USD jumped 0.8% to 1.2184 as of 8:56 AM ET (12:56 GMT).
• The U.S. dollar index, which measures the greenback against a basket of six major currencies, slipped 0.4% to 98.593.
• The yield on the 10-year U.K. government bond, or Gilt, jumped by 9 basis points to 0.50%. It had hit an all-time low of 0.34% on Tuesday.
• The FTSE 100 rose 0.5% to 7,307.34.