GBP/USD sidelined near 1.2850 ahead of PM Meeting

GBP/USD sidelined near 1.2850 ahead of PM Meeting

16 May 2019 10:32 AM
 
The GBP/USD pair is little changed near 1.2850 while heading into the London open on Thursday. The British Pound recovered from a three-month low during early-day trading as investors expect the UK PM Theresa May’s Brexit plan to get through parliament in its fourth attempt. The reason being brighter chances of the opposition Labour party’s abstain from voting. The US Dollar weakness due to the latest news reports concerning the US executive order for foreign telecommunication companies and tensions surrounding the US-Iran relations.