The Sterling fell on the back of a mixed UK labour report, with the GBP/USD falling below the 1.5000 level and now hovers around it, maintaining a heavy tone. The number of unemployment people in the UK grew more than expected in November, up to 3.9K from a previous 3.3K, although the economy added 207K new jobs in the three months to October. Wages resulted weaker-than-expected in October and far below the previous readings, being the main reason behind the Pound's decline.
Anyway, investors will be likely waiting for the FED now before pulling again the trigger, as a rate hike may be priced in, but there's a high level of uncertainty surrounding the announcement, and what's next for the US.
So far, the pair has set a low of 1.4981, which means that a downward acceleration below it with the level, can lead to a decline down to the 1.4920/30 region, whilst below this last, this December low at 1.4890 is next. The immediate resistance is now at 1.5050, but it will take a clear recovery above 1.5090 to confirm a steeper recovery up to 1.5160 in the case of a huge disappointment coming from the FED.
View the live chart of the GBP/USD
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