GBP/USD through 1.2500 post-UK jobs

The Sterling is now picking up extra pace vs. the buck, pushing GBP/USD to fresh daily highs near 1.2520.

GBP/USD propped up by jobs report

The pair’s upside met extra oxygen after today’s report on the UK labour market showed that Average Earnings inc/exc bonus rose more than expected during March, although the Claimant Count Change increased by 25.5K vs. a forecasted reduction of 3K.

Further data saw the unemployment rate staying put at 4.7% in February, matching prior surveys.

GBP/USD levels to consider

As of writing the pair is up 0.06% at 1.2498 facing the next hurdle at 1.2520 (high Apr.12) followed by 1.2562 (high Mar.31) and then 1.2633 (200-day sma). On the other hand, a breakdown of 1.2458 (20-day sma) would expose 1.2419 (100-day sma) and finally 1.2401 (low Apr.11).