UK’s Hammond: Second referendum very likely to be put to parliament at some stage


Comments by UK finance minister, Philip Hammond

  • But says government would not support a second referendum
  • Chances of second referendum depends on Labour, which is deeply divided on this
  • Some disagreement with Labour on Brexit priorities
  • But there is agreement on fundamentals
  • Optimistic will get a Brexit deal in next couple of months
  • UK will have some work to do to restore reputation after Brexit


Hammond has been one of the more vocal Cabinet members speaking about the possibility of a second referendum, but he’s still insisting that the government would not back it for now. His remarks also suggest that there is some progress in talks with the Labour party but how credible and feasible any Brexit workaround is we will have to see.

Cable is making some solid ground on the day now as it pushes to just under the 1.3100 handle. But the move owes more to do with the dollar’s weakness than the pound’s strength as Brexit continues to sit in limbo.

Products You May Like

Articles You May Like

Swiss government raises 2019 GDP growth forecast to 1.2% from 1.1% previously
Stocks stabilize as markets await trade and Hong Kong developments; Oil Surges on tanker attacks in Middle East
Chip stocks are tanking after ‘depressing’ Broadcom earnings in a bad sign for market
Asian Stocks Mixed As US, Iran Trade Accusations Over Tanker Attacks
ForexLive Americas FX news wrap: Strong retail sales send USD higher

Leave a Reply

Your email address will not be published. Required fields are marked *