GBP/USD not sure what to make of mixed UK jobs data

The latest UK monthly jobs report has just hit the screens. The markets were not sure what to expect for UK jobs in March due to the looming employment cost rises kicking in from this month onwards, but the numbers of payrolls was expected to fall by around 15k in March, after rising by 21k in February. Those have actually fallen by 78k. The underlying rate of unemployment in the 3 months to February was forecast to remain at 4.4% and that is what it has done. The employment change over the same period was forecast to rise to 170k from 144k, it has actually risen by 206k and that is a surprise. Average wages have fallen by by around 0.1% across all the measured periods. The reaction in the Pound has been very slight and once again it is likely we need to see the data for next month before the true impact of the UK employment tax increases might have an impact. The GBP/USD is currently mostly unfazed by the data, just now trading at 1.3201