The GBP/USD pulls back from monthly high amid UK’s political uncertainty.
While receding odds of a no-deal Brexit propelled the GBP/USD pair to a monthly high on Tuesday, prices fail to hold on to recovery gains as registering a pullback to 1.2285 during early Wednesday.
Previously, British Members of the Parliaments (MPs) pledge to form an alternative parliament in case the UK Prime Minister (PM) Boris Johnson prorogues the present one. The opposition Labour party leader Jeremy Corbyn now urges Tory rebels to support his cause to block the no-deal Brexit.
On the other hand, fears of the global slowdown and the US-China trade war fail to tame the US Dollar amid upbeat data.
GBP/USD SHORT (Sell)
ENTER AT: 1.2283