The pound is stabilizing

The British currency rebounded on the second day of the week, following fears about the withdrawal of two ministers yesterday. The British pound rose to 1.3270 against the dollar, after registering yesterday the lowest value of 1.3180 against the US currency.
After two ministers of May's cabinet resigned - first Brexit negotiator David Davis and then Foreign Minister Boris Johnson, there were given signals for a softer Brexit. And that's good news, according to market observers.
Several hours after Davis's resignation, the British Prime Minister appointed Dominique Raab, who was in charge of the London-Brussels talks on the UK's exit from the EU.
Conservative lawmakers announced that May is likely to be sure of her leadership despite two resignations, and that directly helped the British pound recover.