UK opposition Labour Party agrees to support a second Brexit referendum if it cannot get a general election or Govt will not change policy - BBC

Good or bad for GBP ? this means they did not reach a deal yet ?

These gals and guys on both sides of the political aisles should get their acts together...and fast.

KP

this garbage news that move GU by 120 pips

can u imagine , i lost a lot , but will go back down , we have to wait, FOMC tomorrow so 120 down again casue no hint that will be rate cuts . plus this news is worhtless , goverment will not accept a referendum so GBP pouf down

just impossible in UK , or try to explain to the people that their vote is only toilet paper , and simply why do they vote ? and imagine the brexit win a 2nd time , so what will they do ? 3rd vote ? until when ?

EURO/GBP back below .8600 Techs said sell rallies last week.
Still downside possible to .8500 support. If that blows then strong down Leg continuance is reasonable.

boring .... because whatever the topic of brexit is news of lies ... logically, why does May always talk about brexit because we already know that May doesn't have the ability to parliament

This move in Cable today is nothing more than short covering because it is possible that there is no Brexit.

they will be brexit for sure

This has been the plan all along, 2nd ref then Brexin. Bunch of mofus

If we follow news to trade better U put U money at casino 😀

I don't see the point of a new referendum until (a) it is made a binding referendum and (b) the binding requires 60% majority for the vote to be accepted either way.

It is now clear that UK has painted itself into a corner where half of the population think one way and the other half think another way. The elusive deal (for Parliament to pass to effect Brexit) is elusive because it does not exist.

Unless you have a strong view about the elusive deal - its content, timing and strength - the best action is to look elsewhere for big opportunities. Please post your strong views if you do have them.

Brexit round number … darn there has been so many that I can't recall each one anymore.

The 124 pips move yesterday was more than double the 10-day ATR of 62 pips.

For Infomation.
The UK as a Parliamentary representative democracy with no written constitution, has no tradition or experience of Referendums. Nor is there any current mechanism to allow for binding vote referendum in the UK, still less the sensible precaution of applying 60% super-majority criteria on such votes... although the super-majority principle does apply to the Fixed-term Parliaments Act 2011.
If it had it would never have found itself in this fix.***

Among the many Countries who apply super-majority requirements to substantive votes (Denmark, Canada, Japan, Spain, USA etc etc) its also applied in UN, EU, Rome Statute (ICC).

***FootNote: Ironically Nigel Farage, UKs foremost Brexit politician, in 2016, BEFORE the Referendum (which he then expected to loose) forecast that the issue wouldn't be ultimately resolved without a 60:40 vote.

#ffw