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

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

As of 4:25 am ET, the pound was trading at 0.8928 against the euro, 1.2356 against the Swiss franc, 1.2829 against the U.S. dollar and 145.50 against the yen.

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