GBP/USD jumps from weekly lows to daily highs on latest Brexit headlines

• Pound gains momentum after most recent report points the UK won’t n delay EU goods in case of a no-deal Brexit.
• GBP/USD rebounds from a key technical area, to test 1.3100.

The GBP/USD bottomed minutes ago at 1.3039, the lowest level in a week and then bounced quickly, rising to 1.3103, hitting a fresh daily high. The 1.3040/50 zone continues to be a strong barrier that if broken could clear the way to more losses. 

As of writing, trades at 1.3080, after finding resistance around 1.3100, but still holding a positive short-term momentum and a few pips above the levels it closed on Friday. 

The move to the upside took place on the back of a report from The Sun, mentioning that Britain will not delay goods coming in from the European Union in case of a no-deal Brexit. The pound rose across the board during the last hours, becoming the top performer among majors. 

The greenback lost strength after weaker-than-expected US data. Factory orders declined 0.6% in November against expectations of a 0.2% gain. Higher US yields continue to support the US dollar. The 10-year stands at 2.73%, the highest since January 30.