10:44 AM · 17 December 2019

BREAKING: GBPUSD tests 1.32 after labour market data

British pound is the worst performing G10 currency today. Weakening was triggered by Johnson’s plan to significantly shorten Brexit transition period. UK labour market data released at 9:30 am GMT did not provide relief for the currency as it showed bigger-than-expected slowdown in wage growth (3.2% YoY vs expected 3.4% YoY) and rising number of claims. GBPUSD is trading over 0.7% lower and the pair has erased the post-elections surge.

GBPUSD erases post-election surge and trade back near the 1.32 handle. Source: xStation5

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