The number of people in employment in the UK increased by 89,000 in the three months to April 2025, after rising by 112,000 in the previous period. This was the weakest increase in employment since the beginning of the year, mainly due to a fall in the number of full-time self-employed. Meanwhile, the number of both part-time and full-time employees increased.In addition, UK consumer spending lost momentum in May after rising in the previous month as households' confidence in their personal finances and ability to spend declined. This was evidenced by consumer and retailer survey data released on Tuesday.GBP/USD has started to decline from recent highs. As the pair approaches 1.3430, potential buying activity could create local support for the market.