At 4:30 am ET Wednesday, the Office for National Statistics publishes U.K. unemployment data. The ILO jobless rate is forecast to remain at 4.6 percent in three months to April.

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

As of 4:25 am ET, the pound was trading at 0.8788 against the euro, 1.2359 against the Swiss franc, 1.2757 against the U.S. dollar and 140.62 against the yen.

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