Yesterday Jeremy Corbyn, the leader of the Labour party, announced late in the afternoon that his party would support a second referendum on the divorce between the UK and the European Union. His remarks come amidst rising concerns of a no-deal Brexit.
Consequently, Bloomberg Europe reported today that prominent Cabinet ministers gathered today in Parliament to discuss how they could force Theresa May to deviate from a possible path leading to a no-deal resolution. The PM is expected to speak in Parliament later today which has raised hopes that a hard Brexit might be prevented after all.
Furthermore, expectations for a delay in the Brexit negotiations have driven today's sterling rally to a 1-month high and the GBPUSD currency pair registered a 0.72% appreciation today, currently finding resistance at 1.31960
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