GBP/EUR: Pound Lower vs. Euro As No Brexit Plan B Agreed

The Pound US Dollar (GBP/USD) exchange rate trades flat at US$1.30 after recovering from a fresh 6 week low of US$1.2880 in the previous session.

Brexit concerns are unnerving investors following the government’s internal market bill which undermines part of the Brexit bill with the EU. The EU haven’t abandoned Brexit talks, yet which is offering the Pound support.

US Dollar await jobless claims data. 846,000 new claims expected, after 881,000 last week. This would indicate the slow recovery of the labour market.