GBP rose during the US session as it rebounded from its highest since August 20 against USD following developments and economic data followed by the British economy and the US economy, the largest economy in the world, And news of the agreement between Britain and Germany to support the British exit agreement from the European Union.

At 03:44 GMT, the GBP USD rose 0.38% to 1.2904 compared to the opening levels at 1.2855 after the pair reached a high of 1.2983 and a two-week low of 1.2786.

We have followed the RBA to reveal the PMI service which showed a wide spread to 54.3 versus 53.5 last July, beating the 53.9 forecast. This was before we saw British Prime Minister Teresa Mae’s statements, That there would be no second referendum on the exit of Britain from the European Union and that her country continues to work towards a good agreement on the exit from the Union.

May noted that it is unlikely that an agreement will be reached on Britain’s exit from the European Union, stressing that it will continue to try to reach an agreement by next October, following the report that Mai wishes to continue the Governor of the Bank of England, Mark Carney. Took office for a new term until the end of 2020, to maintain the stability of the British central in the shadow of strikes the file of the exit of her country from the European Union.

In another context, some of the report also said today that the British government and its German counterpart agreed to support an agreement on Britain’s exit from the European Union, noting that it was agreed not to talk about the detailed items that prevent an agreement on the exit of Britain from the Union in the approach Both sides of the agreement on the issue of physical limitation with Ireland, which is one of the issues that prevent the agreement.

On the other hand, we followed the US trade reading, which showed a widening deficit to $ 50.1 billion versus $ 45.7 billion in June, beating expectations that the deficit would widen to $ 50.2 billion. The US-Canada trade negotiations as part of efforts to reach a trade agreement between the two countries or the renewal of the North American Free Trade Agreement (NAFTA).