At 4:30 am ET Wednesday, the Office for National Statistics publishes the U.K. labor market data. The ILO jobless rate is forecast to remain unchanged at 5.4 percent in third quarter. The number of people claiming jobseekers’ allowances is expected to rise by 2,700 in October.
Ahead of the data, the pound showed mixed trading against its major rivals. While the pound fell against the U.S. dollar and the Swiss franc, it rose against the yen. Against the euro, the pound held steady.
As of 4:25 am ET, the pound was trading at 0.7088 against the euro, 1.5222 against the Swiss franc, 1.5154 against the U.S. dollar and 186.55 against the yen.
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