India, March 20 -- The British pound weakened against most major currencies in the European session on Thursday, following the release of the U.K.'s labor market data for January.
Data from the Office for National Statistics (ONS) showed that the ILO unemployment rate was 4.4 percent, unchanged from the previous figure and predictions.
The U.K. economy recruited 144K new workers, compared to the 107K new hires in the three months ended December.
Meanwhile, investors wait for the Bank of England's (BoE) interest rate announcement due later in the day. With a 7-2 vote split, the BoE is expected to maintain interest rates at 4.5 percent, due to tariff uncertainties and the British government's impending tax hike for employers. The Bank of E...