The UK saw 20.7K less people claiming for jobs, slightly worse than expected but nothing dramatic. The unemployment rate dropped to 5.6% as expected and the average earnings rate rose by 1.7%, slightly below 1.8% expected, but ex-bonuses it rose 1.8%.
All in all, this is a small miss. Perhaps this is enough to take away the momentum and prevent a run on 1.50, but cable remains on high ground. Update: after an initial struggle, the pair makes its way above 1.50.
Read the rest of the article UK jobs data misses by a bit but GBP/USD eventually tops 1.50