Sterling jumps to multi-day highs as dollar crashes

Sterling rose today against the dollar to a three-day high as the dollar tumbled sharply against a basket of rivals following weak employment data. 

GBP/USD last traded at 1.4525, compared to the opening of 1.4408, with a three-day high at 1.4583, and a session-low at 1.4400, after the pair hit a two-week low earlier this week at 1.4385.

Sterling's gains today come despite ongoing negative pressure on the royal currency due to worries over Britain's referendum on the European Union, as an exit would likely devastate the economy and sling the currency downwards.   

On the other hand, the dollar slid to a three-week trough against a basket of rivals after earlier downbeat U.S. employment data, helping the pound stage a strong recovery. 

The dollar index, with gauges the U.S. currency against a basket of major rivals, last traded at 94.03, compared to the opening of 95.56, with a session-high at 95.63, and a three-week low at 93.97, with the index nearing its first weekly loss after four weeks of gains.