GBP/USD clinches highs above 1.3100 post-UK data

The British pound has gathered further steam after today’s UK releases, with GBP/USD climbing to daily highs near 1.3130.

GBP/USD bid on data

The pair has barely reacted to UK’s labour market figures despite the unemployment rate has ticked lower to 4.9% during May vs. 5.0% expected. Further data saw the Claimant Count Change at 0.4K vs. 3.5K forecasted and Average Earnings including Bonus rising 2.3%, in line with prior surveys.

Spot advanced to session highs in the 1.3120/30 band in the wake of the releases, partially recovering yesterday’s deep retracement.

GBP/USD levels to consider

As of writing the pair is advancing 0.13% at 1.3129 and a break above 1.3280 (20-day sma) would aim for 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29). On the flip side, the next up barrier lines up at 1.3065 (low Jul.20) followed by 1.2849 (low Jul.11) and then 1.2797 (20916 low Jul.6).