GBP/USD edges off earlier session lows ahead of UK jobs report this morning

At 6am GMT the UK will release its latest monthly and three-monthly jobs report. The markets are expecting some decent, yet conflicting data today. The level of annualised wage increase is expected to fall quite significantly in the 3 months to July, from a 4.5% pace, to 4.1%. The underlining rate of unemployment is forecast to fall from 4.2% to 4.1% in July. The claimant count in August is also forecast to improve to around 95k, from 130k. The employment change in the 3 months to July is forecast to rise, by 115k compared to 97k previously. Now ahead of this data the GBP/USD did dip below its 21 day moving average earlier today, after the level at 1.3067 capped the downside almost to the pip yesterday. The low seen yesterday was set at 1.3068 and the low seen earlier today was set at 1.3058. That does infer some stops may have been tripped just below that revised level of 1.3082 today. As you can see that is rising quite steeply. The Pound has now bounced from that earlier low though, currently trading around session highs, at 1.3078 and hence still below that moving average, as this important jobs data awaits