At 4:30 am ET Wednesday, U.K. labor market statistics is due from the Office for National Statistics. The ILO jobless rate is forecast to remain unchanged at 4.7 percent in three months to February.

Ahead of these data, the pound showed mixed trading against its major rivals. While the pound rose against the U.S. dollar, the yen and the Swiss franc, it fell against the euro.

As of 4:25 am ET, the pound was trading at 0.8496 against the euro, 1.2574 against the Swiss franc, 1.2495 against the U.S. dollar and 137.08 against the yen.

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