Better UK jobs data but unconvincing wages sees GBPUSD make new session lows 18 May 2016
Ok, throw in some general USD demand again and the GBP rally sellers win the day so far.
I'd also add that the ex-bonus wage data was less than convincing and as I said in my preview, not for the first time, it's wages that concern the BOE and hence markets more than jobs.
GBPUSD has next layer of bids around 1.4400 and offers to break through between 1.4450-70. EURGBP demand below 0.7800 and rally to 0.7815 helping to cap cable. Offers around 0.7830 should cap again for the moment.
Joined at the hip as ever. Currently 1.4414 and 0.7812
