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GBP/USD sets a daily close above 1.30 as UK Jobs reports looms
Yesterday the rebound above 1.30 in the GBP/USD stalled pretty much where it was expected to and that was conveyed here to you before it unfolded. The drop back from 1.3044 into the European close pretty much got capped by that 1.30 handle and the Pound later closed in the US at 1.3009. Technically that was a positive close too. It is not far off that close now this morning ahead of some important UK data due out shortly. At 6am we get the latest UK monthly jobs report. The ILO unemployment rate for the 3 months to May its forecast to remain unchanged at 4.4%. The latest average earnings over the same period are forecast to come in slightly lower, at 5.7%, from 5.9%. There will be more to add here once all that data is released. Meantime, the GBP/USD is currently trading at 1.3007
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