Pound sterling recovered after falling to session lows of 1.2724 when the U.K. Office for National Statistics said the claimant count increased by 7,300 in May, compared to expectations for a gain of 20,300 people.
The unemployment rate was unchanged at 4.6% in April, lowest since 1975. While these can help the pound remain strong, concerns about the direction of Brexit talks, which will begin soon are keeping markets on tenterhooks.
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