GBP/USD falls to a low of 1.2458 on the day

GBP/USD H1 16-07

Price is now looking towards support from the 9 July low @ 1.2440 with bids lined-up around 1.2450 something to watch out for as well in the near-term. This comes as the dollar is also firming on the day with EUR/USD falling to a low of 1.1236. We'll get UK labour market data in just under 10 minutes so let's see how things will shape up after the release.