The GBP/USD pair remains little weak near 1.3070 during early Asian session on Monday. Despite parliaments recess, negative headlines for the Brexit continued playing their roles in challenging the Cable buyers. However, the overall recent weakness of the US Dollar (USD), coupled with a lack of data, might be keeping the floor capped.

 Off-late, soft data and upbeat equities from the US propelled risk-on and also weighed on the greenback.

The UK parliaments are on the Easter recession till April 23 but the British Prime Minister Theresa May has urged lawmakers to use their vacation for the betterment of Britain despite the EU recently allowed Brexit deadline extension till October 31.

The cross-party talks on the Brexit are going nowhere as latest news report concerning the same from the Guardian confirms that the opposition Labour party says Brexit talks ‘will stall unless May shifts on customs union’.

While Brexit uncertainty is already weighing on the GBP/USD pair during initial trading, dovish comments from an external monetary policy member of the Bank of England (BOE), Jonathan Haskel, could provide additional weakness to the Cable.


Source: fxstreet.com