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The pound moved lower against most major currencies on Wednesday morning after data showed the U.K. unemployment rate unexpectedly moved higher in the three months to December. The pound traded at $1.6677, down from $1.6725 ahead of the data and lower than the $1.6683 recorded late Tuesday. The move came after the U.K. Office for National Statistics said the joblessness rate rose to 7.2% in the three months to December, up from 7.1% in the three months to November. Analysts expected the rate to remain at 7.1% or drop to 7%. The labor market has been a major focus point in the U.K. after the Bank of England in August said it would discuss raising rates when the unemployment level dropped to a threshold of 7%. However, after a fast-than-expected drop in the jobless rate, the BOE last week revamped its forward guidance and said it will now consider a broader range of economic indicators before hiking interest rates. Minutes from the BOE's February policy-setting meeting were also out Wednesday morning and showed the committee members voted unanimously to keep rates low and make no changes to the bond-buying program.