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The jobs report which was published by the Bureau of Labor Statistics showed 156,000 jobs were created last month, against a predicted figure of 175,000 and matched yesterdays estimated reading from ADP.
However, despite the payroll report confirming hiring had slowed last month, the dollar actually recovered the majority of the ground it lost yesterday afternoon, after a separate report showed an increase in wages.
The data caused the dollar to rise across the board, which in turn forced the GBP/USD cross down back towards $1.23 and means the pound/dollar exchange rate has fallen one per cent since yesterday's session.
GBP/USD 24-hour graph
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