GBP/USD Price Analysis: Pound off session highs, holds above 1.3000 level
GBP/USD daily chart
Following the October and December bull-run, pound/dollar is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The spot is trading below the 1.3100 and 50 SMA.
GBP/USD Outlook: Pound was slightly higher after mixed UK jobs data
Cable edges higher after release of key event today – UK jobs data, which showed mixed reading.
Average earnings fell below 3.0% in Dec (2.9%, the slowest rise since Aug 2018) vs 3.0% f/c and 3.2% rise in previous three-month period.
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