Sterling rebounds from 20-month low as May survives confidence vote

Sterling rose in American trade off April 2017 lows against  the greenback for another session, following earlier labor data from the US today. 

As of 08:31 GMT, GBP/USD rose 0.26% to 1.2662, with a session-high at 1.2687, and a low at 1.2610. 

UK Prime Minister Theresa May thanked conservative members who helped her survive a no confidence vote, adding she's heard the Parliament's fears on Brexit and the need to wrap up the process and take further guarantees. 

May wouldn't comment on whether she'd leave leave post before the next elections, while the government spokesperson said a vote on Brexit might occur next week depending on the development of talks with the EU. 

US Labor Data 

Earlier US data showed unemployment claims fell 27 thousand in the week ending December 8 to 206 thousand, far below estimates of 226K, while continuing claims for the week ending December 1 rose 25 thousand to 1.661 million. 

Import prices fell 1.6%, compared to a 0.5% increase in October, and missing estimates of a 1% drop.