The British pound was slightly weaker on Wednesday, as investors continued to absorb the overwhelming rejection by UK politicians of Prime Minister Theresa May’s Brexit-plan, and looked toward what was next for the country.

Sterling was changing hands at $1.2848, slightly below $1.2860 seen late Tuesday in New York. The pound managed to retrace all of its losses after the vote was rejected and May vowed she was not trying to run down the clock on the Brexit timeline. Tuesday’s volatile session saw the pound swing from a peak of $1.2917 in Asian trade, to a drop to $1.2670 just ahead of the vote.