GBP/USD falls to session lows in the last hour, now at 1.3957

Sterling loses ground ahead of the jobs data that is due at the bottom of the hour, with cable now testing the 200-hour MA (blue line) at 1.3954. The low for today is at 1.3948.

It's not the first time sterling makes a move in the run up to key data points, so be wary of the positioning ahead of the data later.