According to Jin10, the British pound fell after UK employment data showed the unemployment rate unexpectedly held steady at 4.9%, above economists' forecast of 4.8%, while employment declined in the three months to June and average earnings excluding bonuses rose 3.5% in the quarter, above the expected 3.4%. Aberdeen strategist Felix Feather said in a report that the UK labor market has been loosening for some time, supporting the case for the Bank of England to keep rates unchanged for the rest of this year. After the data, sterling fell as much as 0.1% against the U.S. dollar to $1.3519, while the euro rose 0.1% against sterling to 0.8554 pounds.