Brexit: Speaker select second referendum amendment for vote, GBP/USD rises

House of Commons Speaker John Bercow selects four amendments for a vote ahead of the primary motion to ask for an extension of Article 50. One of the amendments, H, calls for a second Brexit referendum. Bercow selected three other amendments, but these do not include one that would have rejected a second referendum.

GBP/USD is on the rise, moving towards 1.3260 from the lows of 1.3207 seen earlier. Volatility remains high. Cable traded as high as 1.3335 early in the day.

Voting is set to begin at 17:00 GMT while UK PM Theresa May holds a political cabinet meeting at 13:30 GMT. On Wednesday, the House rejected leaving the European Union without an accord after rejecting May's deal on Tuesday.

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Editors’ Picks

EUR/USD stable around 1.1300 as markets look calmer

EUR/USD continues trading around 1.1300, marginally higher on the day. Markets are calmer after the sell-off and this helps the euro stabilize and it ignored weak German GfK consumer confidence. Brexit headlines are eyed.

EUR/USD News

GBP/USD moves up after Parliament takes control

GBP/USD is holding above 1.3200 after Parliament approved holding indicative votes. The non-binding votes may put pressure on May to change tack on Brexit or may push Brexiteers to support her deal.

GBP/USD News

USD/JPY sticks to modest gains above 110.00 handle, but lacks follow-through

The USD/JPY pair regained some positive traction on Tuesday, albeit continued with its struggle to build on the momentum further beyond the 110.25 region.

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