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
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.
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