On Wednesday, the pound fell against the dollar after data showed that wage growth in the UK slowed in July, while the unemployment rate remained the same.
The pair GBP/USD is traded at 1.5571 after 1.5593 the day before publication.
UK Office for National Statistics reported that the average salary, excluding bonuses, remained unchanged at 2.8% for three months to June.
Taking into account bonuses, average wage growth slowed to 2.4% compared with 3.2% for three months to May.
The unemployment rate for three months to June remained unchanged at around 5.6%, which is in line with expectations.
The number of applications for unemployment benefits fell in July by 4900 to 792 400, reported the ONS.
The Bank of England is closely monitoring the situation in the labor market and considers the timing of the rise in interest rates which should be for the first time since the global financial crisis in 2008.
Last week, investors revised the expectations of initial rate rise after the last protocol of Bank of England policy meeting showed that only one member voted in favor of a rate hike this month.
The pound fell against the euro; EUR/GBP has grown by 0.76% to 0.7147.
The European currency strengthened after China devalued the national currency the second day in a row, while investors continue to close positions of the Yuan in euro.
Yuan sharply lowers against the dollar for the second day after on Wednesday People's Bank of China set the Yuan indicative lower than at the close on Tuesday.
On Tuesday, China suddenly devalued the Yuan by nearly 2% in an effort to support exporters by increasing their competitiveness and contribute to the weakening economy.
Central Bank explains this decision as a one-time amortization, based on a new method of management of the exchange rate.
The pound is close to one-year highs against the Yuan; the pair GBP/CNY is traded at 9.94.
The USD index, which tracks the US currency against a basket of six major rivals, went down 0.58% to 96.67.