The British pound rose against its major rivals in the last hour after a report suggested that British Prime Minister Theresa May discussed the possibility of a second referendum. "Some of Theresa May’s Downing Street advisers have urged her to consider a second referendum while others have argued for a softer Brexit," BuzzFeed News reported citing a Number 10 aide. "A source familiar with the conversations said May’s chief of staff Gavin Barwell and chief whip Julian Smith have discussed the merits of a second referendum."
As of writing, the GBP/USD pair was trading near 1.28, adding 0.5% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.