British Pound broke out of its overnight consolidation against US Dollar on Tuesday, wobbling near 100-day moving average. Now the immediate focus is at UK employment report due at 0930 GMT.
The GBP/USD pair has hard resistance at 1.2900 handle as the buyers are reluctant ahead of Brexit Plan B announcement by PM May. Moreover, Labor Party of UK has proposed to conduct second Brexit referendum. On the other hand, US Dollar has firmed up on the day amid risk aversion caused by global growth worries.
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