• The pound failed to find any sustainable tool to reverse its recent sharp decline against the mighty US dollar on Tuesday, declining within a 100 pips of $1.4563 - the lowest level since 2010.
  
  
• Moreover, sterling virtually ignored a UK construction update in December which showed a solid rebound from a six-month low of 55.3 points booked a month ago.
  
  
• The UK's services PMI are scheduled on Wednesday morning, with the expectation of a minor setback to 55.6 in December, declining from a four-month peak of 55.9 points booked in November.
  
  
• ADP will bring its fresh employment change on Wednesday, which is widely seen as the forerunner to the crucial non-farm payrolls due on Friday.
  
  
• In addition, ISM's non-manufacturing gauge is set to reach 56.0 points, marginally improving from the six-month low of 55.6 booked a month ago.
  
  
• The highlight of the week will come on Friday when December's non-farm payrolls are released. Another solid reading of 200,000 is expected, while the unemployment rate is seen remaining at 5.0%.
  
  
• Initial support levels are $1.4633, $1.4593 and $1.4547 levels.
  
  
• Resistance levels are seen at $1.4679, $1.4719 and $1.4805 levels.