GBP/USD around 1.3220 on mixed UK data

The Sterling is holding on to its daily gains vs. the dollar, with GBP/USD looking to advance further north of 1.3200 the figure.

GBP/USD clings to 1.3200 post-data

The pair has barely reacted to the mixed results from the UK’s labour market during August, showing Claimant Count Change increasing by 2.4K and the ILO Unemployment Rate staying put at 4.9% on the three months ended in July.

Further data saw Average Earnings ex Bonus rising at an annualized 2.1% and 2.3% inc Bonus.

In the meantime, spot keeps its gains for the time being bolstered by the prevailing offered bias around the greenback.

GBP/USD levels to consider

As of writing the pair is advancing 0.18% at 1.3216 and a breakout of 1.3447 (high Sep.6) would aim for1.3481 (high Jul.15) and then 1.3646 (38.2% of the post-Brexit down move). On the flip side, the next support aligns at 1.3139 (support line off July’s top) followed by 1.3056 (low Aug.29) and finally 1.2863 (low Aug.15).