The GBP/USD pair bottomed for the day at 1.3827, recovering some ground in the American afternoon to end the day at around 1.3854. The pair depended solely on the dollar’s demand, or the lack of it, ignoring news coming from the United Kingdom. Nevertheless, news showed a sharp increase in the value of goods imported from Northern Ireland to the Republic, up by 77%, while the value of exports rose 43%. Companies on both sides of Ireland are making their way to avoid difficulties resulting from the Brexit protocol.

On Tuesday, the UK will release employment-related data.  The ILO unemployment rate for the three months to June is foreseen steady at 4.8%, although the focus will be on the September Claimant Count Change, the number of people claiming from jobless benefits, which printed at -114.8K in the previous month. Finally, Average Earnings are foreseen up in the three months to June.

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