Peterborough, United Kingdom (CNN) Nigel Farage's Brexit Party has been denied its first seat in the UK Parliament, after the opposition Labour Party held on to the seat of Peterborough in eastern England in a tight by-election race.

Despite winning huge support across the UK during last month's European election , the Brexit Party was edged out by Labour by a margin of 683 votes.

Addressing supporters after the count, Labour candidate Lisa Forbes hailed her party's victory as a sign that the "politics of division" would not triumph.

Forbes, a union activist, won 10,484 votes, beating the Brexit party's Mike Greene, who took 9,801 votes. Prime Minister Theresa May's governing Conservatives came third, with 7,243 votes, while the Liberal Democrats took 4,159 votes. Turnout was 48%.

A remarkable result for our 8 week old party. If we can come so close in our 201st target seat, no seat is safe. We're very proud of @MikeGreeneTBP & our supporters who worked so hard. Thanks to the people of Peterborough who voted for us - we promise you that we're here to stay! pic.twitter.com/ARmLuADZ1P — The Brexit Party (@brexitparty_uk) June 7, 2019

The result is something of a setback for the insurgent Brexit Party, which since its launch in April has moved to harness dissatisfaction among traditional Labour and Conservative voters, many of whom have grown frustrated at the inability of traditional parties to deliver Brexit.

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