Due to the latest events on the world stage, many experts fear that Brexit is not going to happen. The reason for this is the actions of Jeremy Corbyn, UK opposition Labour Party leader, who has bowed to pressure from his members of parliament and agreed to support a new Brexit referendum.

His actions are associated with concerns about the implementation of no-deal Brexit option which the Labour members attempt to avoid. It should be reminded that in September 2018 the Labour Party signed a new document, which reported that the Labour Party would support a referendum in which British citizens would vote again for a deal with the EU or deny it.

It is worth mentioning that Jeremy Corbyn is a lifelong opponent of the UK’s European Union membership. Earlier, he had resisted attempts to get him to back a fresh vote on leaving the bloc. However, nine lawmakers quit the Labour Party last week in protest at his leadership's strategy. There were reports that others might follow too.

According to analysts, support of Labour does not mean another referendum, as this will require a significant number of Tories to vote "for". 

The global financial market reacted to the current situation by the growth of the pound sterling quotes. The British currency has been showing an uptrend. Many market participants are expecting Brexit withdrawal. Experts also do not rule out such a course of events. They are waiting for further steps of the Labour Party.