GBP/USD pullback fades around 1.2450 as US Dollar rebound lacks support from employment clues

GBP/USD pullback fades around 1.2450 as US Dollar rebound lacks support from employment clues – by anilpanchal7 GBPUSD Brexit YieldCurve RiskAversion Employment

optimism. However, the following rebound in the greenback, due to the recession woes, triggered the much-awaited pullback in prices. It’s worth noting, though, that the USD’s latest rebound ignores downbeat employment clues. Additionally, mixed data at home might have also allowed the GBP/USD pair buyers to take a breather.

Talking about Brexit, “A new model will be announced later on Wednesday to ‘reduce the need for checks for many types of goods,’” said Skywhile citing an anonymous UK Cabinet Office source speaking on the post-Brexit checks on goods coming to the UK from the European Union .

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