At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to issue U.K. unemployment data. The ILO jobless rate is forecast to remain unchanged at 4.7 percent in the first quarter.

Ahead of the data, the pound rose against its major rivals.

As of 4:25 am ET, the pound was trading at 0.8579 against the euro, 1.2726 against the Swiss franc, 1.2930 against the U.S. dollar and 145.46 against the yen.

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