Market players prepare for next step after May's Brexit vote defeat

After Britain witnessed the biggest defeat for any government in modern history in the voting down of Theresa May’s Brexit deal, finance professionals are positioning for what’s next.

Many believe there’s an increased chance Britons will get to vote again in a national ballot on Brexit -- a repeat of the 2016 vote that triggered May’s rise to the helm in negotiating the U.K.’s exit. Below, lightly edited insights from market strategists, investors and analysts on what happens now.

“The reason why the markets seem kind of calm about it all is it takes away the option of just crashing