GBP/USD: Brexit fears remain in the background - FXStreet
|Valeria Bednarik, chief analyst at FXStreet explained that the British Pound outperformed its major rivals at the beginning of the day, recovering against the greenback, from 1.4090 to 1.4213 mid European morning, getting a boost from better-than-expected UK employment data.
Key Quotes:
"According to official data, UK unemployment fell to 1.67 million in the three months to April, down 20,000 from the previous quarter, official. The fall took the unemployment rate to 5%, the lowest rate since October 2005, whilst earnings, excluding bonuses, rose by 2.3% compared with last year 2.2% advance. After FED's announcement, the Pound lagged, unable to run to fresh daily highs, as Brexit fears remain in the background."
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