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(updates after UK jobs data)
LONDON, Sept 14 (Reuters) - Sterling rose on Wednesday, boosted by data that showed resilience in Britain's labour market to fallout from June's Brexit vote.
The jobless rate in the three months to July was 4.9 percent, unchanged from the three months to June while the number of people in work rose by 174,000, the Office for National Statistics said.
Sterling rose to $1.3222 , gaining 0.25 percent on the day and up from $1.3200 before the data was released. The euro was down 0.2 percent at 84.85 pence.
"From a macro perspective, the broad picture in the UK remains little changed after the Brexit vote," said Ipek Ozkardeskaya, senior market analyst at London Capital Group.
"This is not surprising given that the real economic impact of Brexit will be gradual. The rapid recovery in business sentiment however is expected to keep the Bank of England doves sidelined for the moment."
The pound has broadly stabilised in the past month, holding above $1.30, but more political noise is likely to be generated when European Union leaders meet on Friday in Bratislava, where conditions for Britain's departure from the bloc will be high on the agenda.
David Davis, the minister tasked with leading the Brexit negotiations, said on Monday that Britain will make its guidelines for talks on leaving public by the time it triggers the formal exit process.
"It seems that sterling has become increasingly sensitive to domestic data with more explosive movements expected as investors ponder the impacts of Brexit," FXTM analyst Lukman Otunuga said.
"Although the string of positive data in recent weeks provided somewhat of a lifeline to sterling bulls, the lingering Brexit anxieties continue to cap gains."
The pound hit a seven-week high of $1.3445 a week ago, more than 5 percent above the three-decade low plumbed in July soon after the EU referendum, as investors trimmed record short positions against the currency.
But since then, with BoE Governor Mark Carney leaving the door open to more monetary easing, sterling has shed nearly 2 percent.
The BoE, which makes a policy announcement on Thursday, is not expected to introduce new measures, having last month cut interest rates to record lows and reintroduced an asset-purchase programme.
(Reporting by Anirban Nag and Patrick Graham; Editing by Raissa Kasolowsky and John Stonestreet) ((anirban.nag@thomsonreuters.com)(+44207 542 8399)(patrick.graham.thomsonreuters.com@reuters.net))
LONDON, Sept 14 (Reuters) - Sterling rose on Wednesday, boosted by data that showed resilience in Britain's labour market to fallout from June's Brexit vote.
The jobless rate in the three months to July was 4.9 percent, unchanged from the three months to June while the number of people in work rose by 174,000, the Office for National Statistics said.
Sterling rose to $1.3222 , gaining 0.25 percent on the day and up from $1.3200 before the data was released. The euro was down 0.2 percent at 84.85 pence.
"From a macro perspective, the broad picture in the UK remains little changed after the Brexit vote," said Ipek Ozkardeskaya, senior market analyst at London Capital Group.
"This is not surprising given that the real economic impact of Brexit will be gradual. The rapid recovery in business sentiment however is expected to keep the Bank of England doves sidelined for the moment."
The pound has broadly stabilised in the past month, holding above $1.30, but more political noise is likely to be generated when European Union leaders meet on Friday in Bratislava, where conditions for Britain's departure from the bloc will be high on the agenda.
David Davis, the minister tasked with leading the Brexit negotiations, said on Monday that Britain will make its guidelines for talks on leaving public by the time it triggers the formal exit process.
"It seems that sterling has become increasingly sensitive to domestic data with more explosive movements expected as investors ponder the impacts of Brexit," FXTM analyst Lukman Otunuga said.
"Although the string of positive data in recent weeks provided somewhat of a lifeline to sterling bulls, the lingering Brexit anxieties continue to cap gains."
The pound hit a seven-week high of $1.3445 a week ago, more than 5 percent above the three-decade low plumbed in July soon after the EU referendum, as investors trimmed record short positions against the currency.
But since then, with BoE Governor Mark Carney leaving the door open to more monetary easing, sterling has shed nearly 2 percent.
The BoE, which makes a policy announcement on Thursday, is not expected to introduce new measures, having last month cut interest rates to record lows and reintroduced an asset-purchase programme.
(Reporting by Anirban Nag and Patrick Graham; Editing by Raissa Kasolowsky and John Stonestreet) ((anirban.nag@thomsonreuters.com)(+44207 542 8399)(patrick.graham.thomsonreuters.com@reuters.net))
