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GBP/USD steady above 1.26 as UK jobs report looms

In a few minutes, at 7am GMT the UK will release its January jobs report. Just ahead of this the GBP/USD has held a tight range so far today. The GBP/USD had closed last night at 1.2629. The range seen so far today has been covered by 1.2609 to 1.2630. This unemployment data could have an impact shortly, but we do have to remember the more important CPI and RPI reports due tomorrow will probably matter more, as will the US CPI report later today too. So, any adverse reaction, one-way or the other might be short-lived this morning, once this data hits the screens. We shall soon see it that is the case. Also to note; that the ONS has shifted the way it now calculates this data. There will be more to follow once the data has been released in a few minutes. The GBP/USD is currently trading at 1.2621
 

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