British pound gathers strength on market chatter about a second referendum

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.