EU’s Barnier says EU and UK have “very difficult” disagreements. Unit Labor Costs in US rose less than expected in fourth quarter. US Dollar Index stays below 97 ahead of Factory Orders data. The GBP/USD capitalized on the broad-based USD weakness during the European trading hours and broke above the 1.2900 handle to touch its highest level in a week at 1.2937. As of writing, the pair was up 0.37% on a daily basis at 1.2917. The sharp fall witnessed in the US Treasury bond yields and heightened odds of the Federal Reserve opting out for another 25 basis points rate cut at its next meeting in March weighs on the greenback on Thursday. After closing the previous day 0.23% higher, the US Dollar Index (DXY) reversed its direction and slumped below the 97 mark. Meanwhile, the data published by the US Bureau of Labor Statistics showed that Unit Labor Costs in the fourth quarter rose 0.9% to miss the market expectation of 1.4% and put additional weight on the greenback’s shoulders. At the moment, the DXY is erasing 0.41% on the day at 96.96. GBP ignores Barnier’s comments On the other hand, while speaking to reporters in a press conference after the first round of negotiations with the UK, EU Brexit Negotiator Barnier said the EU and the UK had “very very difficult” disagreements in trade negotiations. “There are many divergences between the EU and the UK on the future relationship,” Barnier noted. “Serious divergences include a level playing field.” There won’t be any macroeconomic data releases featured in the UK economic docket on Friday and investors will be paying close attention to the Nonfarm Payrolls data from the US. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Base Metals: Looking for direction – TDS FX Street 3 years EU's Barnier says EU and UK have "very difficult" disagreements. Unit Labor Costs in US rose less than expected in fourth quarter. US Dollar Index stays below 97 ahead of Factory Orders data. The GBP/USD capitalized on the broad-based USD weakness during the European trading hours and broke above the 1.2900 handle to touch its highest level in a week at 1.2937. As of writing, the pair was up 0.37% on a daily basis at 1.2917. The sharp fall witnessed in the US Treasury bond yields and heightened odds of the Federal Reserve opting out for another 25 basis points… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.