{"id":106501,"date":"2020-11-10T16:58:05","date_gmt":"2020-11-10T16:58:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106501"},"modified":"2020-11-10T16:58:05","modified_gmt":"2020-11-10T16:58:05","slug":"104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\/","title":{"rendered":"GBP: GBP\/USD Steady, UK Redundancies At Record High"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400;\">UK redundancies soared in Q3 &amp; unemployment rate jumped in September.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">However, GBP\/USD held steady &amp; EUR\/GBP declined.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> FX has so far shrugged off Pfizer vaccine news, with little sign of a move from safe-havens such as the US Dollar into riskier assets such as the British Pound.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Brexit remains in focus in another key week although there has been no reports of a breakthrough in the EU-UK trade talks.<\/span><\/li>\n<\/ul>\n<p><strong>GBP\/USD SHRUGS OFF UK EMPLOYMENT DATA<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to the latest labor market data, UK redundancies hit the highest level on record in the July \u2013 September period.\u00a0 while unemployment hit a four year high in September.\u00a0 GBP\/USD barely reacted, trading steadily around the 1.32 while the Pound actually advanced versus the Euro, pushing EUR\/GBP lower.<\/span><\/p>\n<p><strong>BREXIT STILL IN FOCUS<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">UK Government was defeated on Monday in the House of Lords on its Internal Market Bill; the controversial bill which would have breached international law. The House of Commons will most likely reverse that defeat.The latest trade talks between the EU and the UK\u00a0 show few if any sign of a breakthrough. Optimism that a bare bones deal will be achieved remains.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK redundancies soared in Q3 &amp; unemployment rate jumped in September. However, GBP\/USD held steady &amp; EUR\/GBP declined. FX has so far shrugged off Pfizer vaccine news, with little sign of a move from safe-havens such as the US Dollar into riskier assets such as the British Pound. Brexit remains in focus in another key [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5595,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[],"class_list":["post-106501","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP: GBP\/USD Steady, UK Redundancies At Record High - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP: GBP\\\/USD Steady, UK Redundancies At Record High\",\"datePublished\":\"2020-11-10T16:58:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/\"},\"wordCount\":205,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100638-gbp-eur-pound-pares-losses.jpg\",\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104773-gbp-gbp-usd-steady-uk-redundancies-at-record-high\\\/\",\"name\":\"GBP: GBP\\\/USD Steady, UK Redundancies At Record High - 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