The European cross gathered extra downside pressure on Tuesday after the UK labour market report came in on the strong side for the month of December.
In fact, the Claimant Count Change came in at 14.9K during last month and Average Hourly Earnings expanded 3.2% during November, both prints surpassing initial estimates. In addition, the jobless rate stayed put at 3.8% on the three months ended in November.
Following the data releases, the cross remains in 2-day lows near the 0.8500 mark, always within the broader sideline theme prevailing since the start of the new year.