At 4:30 am ET Wednesday, the Office for National Statistics is slated to release U.K. labor market statistics. The ILO jobless rate is seen unchanged at 5.6 percent in three months to June. The claimant count is forecast to rise by 1,000 in July.

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

As of 4:25 am ET, the pound was trading at 0.7141 against the euro, 1.5595 against the U.S. dollar, 1.5325 against the Swiss franc and 194.18 against the yen.

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