{"id":96197,"date":"2020-02-18T03:00:44","date_gmt":"2020-02-18T08:00:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=96197"},"modified":"2020-02-18T03:29:34","modified_gmt":"2020-02-18T08:29:34","slug":"102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\/","title":{"rendered":"GBP\/USD: Pound Sub $1.30 On Brexit Fears, Jobs Data Up Next"},"content":{"rendered":"<p>The pound has slipped below US$1.30 as it remains under pressure after easing back from a 10 day high in the previous session. The pound US dollar exchange rate dropped 0.34% to close on Monday at US$1.3005, a few points above the low of the day.<\/p>\n<h3><strong>Pound Looks To Jobs Data<\/strong><\/h3>\n<p>The pound slipped on Monday after Prime Minister Boris Johnson said that he was not looking for anything special in trade talks from the EU. Instead he is looking for a trade deal which is similar to one that exits. News of a standard trade deal rather than a bespoke deal was disappointing for pound investors and the pound dipped. Fears of a no trade deal Brexit continue to weigh on sterling this morning.<\/p>\n<p>Investors will now look ahead to UK employment data due later today. The UK labour market has shown resilience, even as the UK economy has stumbled in 2019. Strong job creation and healthy wage growth is important because it means that, with today\u2019s low inflation, households have more to money in real terms. Under these circumstances\u2019 workers spend more, which is good news for the UK\u2019s consumer driven economy.<\/p>\n<p>Analysts are expecting that resilience to continue, although Brexit uncertainty has dragged on consumer spending. Unemployment is expected to remain steady at multi decade lows of 3.8%. Wages are expected to grow 3% in the three months to December, slightly lower than the 3.2% recorded in November. A weak reading could see the pound extend losses from the previous session.<\/p>\n<h3><strong>US Dollar Underpinned By Safe Haven Status<\/strong><\/h3>\n<p>The dollar started the week on a quiet note as investors welcomed efforts by China to support the Chinese economy through lower borrowing rates and short-term funding to banks. However, the number of covid-19 cases has surpassed 71,000 and the death toll 1775. As the number continue to grow, the markets will remain jittery which analysts expect to underpin the safe haven dollar.<\/p>\n<p>The US economic calendar is relatively quiet this week. There were no high impacting US releases on Monday and there aren\u2019t any influential releases today either. Investors will look ahead to Wednesday\u2019s unveiling of the minutes to the Federal Reserve monetary policy January meeting. That said market participants aren\u2019t expecting any fireworks there either, given that the Fed has reaffirmed its position on monetary policy several times over recent weeks.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The pound has slipped below US$1.30 as it remains under pressure after easing back from a 10 day high in the previous session. The pound US dollar exchange rate dropped 0.34% to close on Monday at US$1.3005, a few points above the low of the day. Pound Looks To Jobs Data The pound slipped on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5571,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1396,1386,2335,1394,1391,2352,1392,1508,1397,1398],"class_list":{"0":"post-96197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-covid-19","12":"tag-gbp","13":"tag-pound","14":"tag-safe-haven","15":"tag-sterling","16":"tag-unemployment","17":"tag-us-dollar","18":"tag-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\/USD: Pound Sub $1.30 On Brexit Fears, Jobs Data Up Next - 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\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Sub $1.30 On Brexit Fears, Jobs Data Up Next\",\"datePublished\":\"2020-02-18T08:00:44+00:00\",\"dateModified\":\"2020-02-18T08:29:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/\"},\"wordCount\":649,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100625-gbp-usd-odds-at-no-deal-brexit.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"covid-19\",\"gbp\",\"pound\",\"safe haven\",\"sterling\",\"unemployment\",\"us dollar\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102411-gbp-usd-pound-sub-1-30-on-brexit-fears-jobs-data-up-next\\\/\",\"name\":\"GBP\\\/USD: Pound Sub $1.30 On Brexit Fears, Jobs Data Up Next - 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