• GBP/ AUD slipped lower On Tuesday as soft jobs data raised Bank of England rate cut bets
• UK unemployment hit its highest in over a decade outside the pandemic, while wage growth slowed, boosting bets on a Bank of England rate cut next month..
• UK unemployment rose to 5.2% in Q4 2025, the highest since 2015 outside the pandemic peak of 5.3%.
• Employers said the figures showed the impact on the jobs market from policy changes by Prime Minister Keir Starmer's government including last year's tax hike for employers.
•Technical are signals show the pair could lose more ground in the short-term as RSI has turned lower.
• Immediate resistance is located at 1.9316 (Daily high), any close above will push the pair towards 1.9424(38.2%fib).
• Immediate support is seen at 1.9125(23.6%fib) and break below could take the pair towards 1.9016(Lower BB).
Recommendation: Good to sell around 1.9150, with stop loss of 1.9250 and target price of 1.9080
