LONDON (Reuters) - Bank of England Governor Mark Carney said sterling's rise after Prime Minister Theresa May's Brexit plan was defeated in parliament suggested investors felt the risk of a no-deal Brexit had diminished, or that the process would be extended.
"I'm not giving my view, I'm giving the markets' initial take," Carney told lawmakers in parliament on Wednesday during a regular hearing.
"I wouldn't put much weight on these very short term-moves. The market is waiting."
The British pound rallied to its highest in nearly two months against the euro on Wednesday. Against the dollar, the pound was broadly flat at $1.2866 after jumping by nearly a cent immediately after Tuesday's vote.
(Reporting by David Milliken and James Davey; Writing by William Schomberg)
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