The British pound is getting a boost after the UK unemployment rate dropped to 4%, better than the expected 4.1%. Wage growth met forecasts, but the claimant count rose to 27.9k, higher than the expected 20.2k, which is a negative sign.
This data supports GBPUSD, holding just above the September 11th low of 1.2999. A break below could lead to further declines, but if it stays above, it may rise past Monday's high of 1.3083, targeting 1.3130.
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