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Following last night's rejection of Theresa May's withdrawal agreement by MPs, the pound has been surprisingly steady.
In thin volumes in Asian trading, it's currently trading at $1.31 against the dollar.
Sue Noffke, UK equity manager at Schroders, says markets had already priced in the failure of last night's vote.
"It's not a surprising outcome, but there's been a little bit of excitement," she says.
She says what happens next is less clear, given there's "still no one clear path".
But she says in terms of fundamentals for her business, investing in UK equities and UK assets "still look underpinned".
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