Forex - GBP/USD hits fresh 3-day low after weak U.S. jobs data

Forex Pros – The pound fell to a fresh 3-day low against the U.S. dollar on Wednesday, after official data showed that U.S. private sector employment fell more than expected in June.

GBP/USD hit 1.4965 during European afternoon trade, the pair's lowest since June 25; the pair subsequently consolidated at 1.4970, shedding 0.62%.

Cable was likely to find support at 1.4856, last Friday’s low, and resistance at 1.5128, last Monday’s high.

Earlier Wednesday, U.S. official data showed that private sector employment, excluding agriculture, rose a seasonally adjusted 13,000 in June, following an increase of 57,000 in May, whose figure was revised up from 55,000.

Analysts had expected an increase of 58,000 in June.

The pound was also down against the euro, with EUR/GBP gaining 1.12% to hit 0.8182.

Also Wednesday, official data showed U.K. house prices rose a seasonally adjusted 0.1% in June, following an increase of 0.5% in May.

Analysts had expected an increase of 0.3%.