Forex – Pound on Back Foot as Traders Fear Rocky Brexit Trade Talks Ahead

Investing.com -By Yasin EbrahimInvesing.com – The U.K. and EU are slated to get trade talks underway only in March, but tough rhetoric from both sides has raised fears that rough negotiations lie ahead, keeping the pound on the back foot against the dollar on Thursday.GBP/USD fell 0.58% $1.2926.The dollar was also helped by better-than-expected labor market data, underpinning investor hopes for a robust nonfarm payrolls report due Friday.The U.S. Department of Labor reported Thursday that initial jobless claims dropped by 15,000 to a seasonally adjusted 202,000, beating economists’ forecast fo…

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