Brexit: Labour is whipped to support second referendum indicative vote, GBP holds higher ground

The UK media is reporting that Labour, the main opposition party, will support and whip the amendment to support a second referendum. The amendment is part of the series of indicative votes that Parliament will hold and has been tabled by Beckett, Kyle, and Wilson.

UK PM Theresa May continues in her attempts to muster support for the Brexit deal she reached with the European Union. There are reports that Parliament will vote on the deal on Friday, the original Brexit date. May will address the 1922 Committee of backbenchers later today.

GBP/USD is trading above 1.3200, up on the day ahead of the indicative votes.