GBP/USD surges through 1.41 handle post-UK jobs report

The GBP/USD pair maintained its strong bid tone and move past the 1.4100 handle, fresh post-Brexit highs, following the release of UK jobs data.

The pair built on its overnight bullish break through the 1.40 handle and got an additional boost from today's data, which showed that average earnings growth, excluding bonus, came-in slightly better-than-expected, at 2.4%, during the three months to November.

Meanwhile, the number of people claiming unemployment-related benefits unexpected jumped by 8.6K during the month of December but the unemployment rate held steady at 4.3%.

Against the backdrop of heavy US Dollar selling pressure, today's mixed UK employment details did little to dampen the prevalent strong bullish sentiment and remained supportive of the pair’s up-move to its highest level since the historic Brexit referendum vote.

Technical levels to watch

A follow-through buying interest has the potential to lift the pair towards its next major hurdle near the 1.4150-60 region, which if cleared would mark a fresh bullish breakout and support additional near-term gains. 

On the flip side, any meaningful profit-taking slide now seems to find immediate support near the 1.4025-20 region and is closely followed by the key 1.40 psychological mark.