© Reuters. The pound sterling has increased despite the uncertainty related to the Brexit
Investing.com – The british pound bounced back on Monday after new uncertainties on the Brexit after the resignation of Boris Johnson as british foreign secretary, helping the dollar to decline compared to the lowest in three weeks.
Indeed, the GBP / USD gives up by 0.16% to 1,3273 at 10:17 AM (14:17 GMT), since a higher previous 1,3363.
The pound sterling was under pressure after the resignation of Boris Johnson as british secretary for foreign Affairs, becoming the third minister to resign from the government in twenty-four hours, rather than supporting the projects of the Prime minister Theresa May for “Brexit” soft.
The resignation of Johnson increased the chance that May could face a vote of confidence, putting at stake the future of his government.
The british pound also retreated against the euro, with EUR / USD rising 0.18% to 0,8855, since a lowest previous 0,8814.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, was at 93,72, after having reached its lowest level since June 14, to 93,51.
The dollar slipped after the report on u.s. employment has highlighted wage growth sluggish, dampening expectations of a fourth-rate increase by the federal Reserve this year.
While wage growth has remained moderate, the ministry of Labor said that nonfarm payrolls increased by 213 000 in June.
A strong job growth has helped offset concerns about the escalating trade dispute between China and the United States after the entry into force of the new commercial rates Friday.
The dollar rose against the yen, with USD / JPY up 0.2% to 110.68, from a low day-to-day of 110.35.
The euro fell, the EUR/USD is now at 1,1757, compared to a previous high of 1,1791.
The single currency was boosted after data showing that German exports rose more than imports in may, indicating that the largest economy in the euro zone remains strong, despite tensions, global trade.