Reuters reports the latest update on the Brexit issue, citing that the UK opposition party, the Labor Party, proposes the option of a second Brexit referendum.
Additional Details (via The Telegraph):
“Jeremy Corbyn has endorsed a plan to force a second EU referendum as he bowed to pressure from Labour party members and MPs.
Mr. Corbyn wants the Government to give MPs the final say next week on a second referendum.
If a majority back a referendum, Parliament could force Theresa May to hold a new in/out the public vote that could lead to Brexit being reversed.”
Meanwhile, the GBP/USD pair trades better bid just shy of the 1.29 handle, as markets digest the UK PM May’s Plan B.
Key Notes:
UK shares soak up Chinese data and Plan B Brexit; FTSE ended +0.03%
UK PM May: Looking forward to seeing Poland's proposal for time limit on backstop
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