India, Feb. 18 -- The British pound strengthened against other major currencies in the European session on Tuesday, following the release of positive U.K. employment figures for the three months ending December.
Data from the Office for National Statistics showed that U.K. unemployment rate remained unchanged in the fourth quarter. The jobless rate came in at 4.4 percent in three months to December, the same as in the preceding period. Economists had forecast the rate to rise to 4.5 percent.
In the three months to December, average earnings excluding bonus grew at a pace of 5.9 percent annually, in line with expectations. At the same time, including bonus, earnings advanced 6.0 percent compared to economists' forecast of 5.9 percent.
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