GBP/USD: Pound Dips As Parliament Takes Control Of Brexit

The Pound US Dollar (GBP/USD) exchange are is pushing higher, building on yesterday’s gains. The pair trades +0.1% at US$1.28

Prime Minister Boris Johnson’s controversial internal markets bill cleared the first vote in Parliament with 77 majority.

UK unemployment rate ticked higher to 4.1% in July, from 3.9%. The claimant count and employment rate were better than feared.

The US Dollar is trending lower on safe haven out flows after vaccine optimism, deals on Wall Street and strong Chinese data lift the mood. Chinese retail sales turned positive for the first time this year +0.5% yoy in August