Brexit-related volatility is back for the pound as reports that Theresa May might offer MPs a vote on a second referendum has renewed hopes that Brexit might be abandoned altogether. May reportedly ran the plan by her cabinet, but according to some reports, she backed down after senior cabinet figures refused to back the plan. Earlier today, the pound reacted to news that May would be holding a press conference to outline a new Brexit proposal. MAY POISED TO OFFER MPS VOTE ON • HOLDING 2ND BREXIT REFERENDUM • VOTE ON 2ND REFERENDUM CONDITIONAL ON BILL PASSING 1ST STAGE • PARLIAMENT WOULD VOTE ON PUTTING BREXIT DEAL ... (full story)