LONDON: Sterling fell to a six-week low against a firmer dollar on Wednesday, with investors cautious before UK labour market data and the Bank of England's quarterly Inflation Report.
The pound fell 0.1 percent on the day to $1.5192, breaking below reported stop loss sell orders through $1.5200 to mark its lowest since early April. Traders reported bids from $1.5190 down to $1.5160.
Analysts said if jobs data at 0830 GMT give any evidence of a weakening jobs market this could dampen some of the recent optimism about a recovery in the UK economy and weigh on the pound as it contrasts with an improving U.S. economy.
