Sterling steadies ahead of UK labor data

Sterling steadied on Tuesday against major rivals as investors shun new positions ahead of important UK labor data. 

GBP/USD traded at 1.2920, with an intraday high at 1.2926, and a low at 1.2895. 

Sterling rose 0.3% yesterday, the second profit in a row, away from four-week lows. 

Sterling lost 0.4% last week, the third weekly loss in a row on Brexit uncertainty. 

UK jobless claims are estimated with a 12.3 thousand increase in January to 12.3 thousand. 

The unemployment rate is expected at 4%, same as before, as average earnings are estimated with a 3.5% increase.