Today in the UK has been published statistics on the labor market. Thus, the unemployment rate fell to the lowest level since April 2008 - 5.3%, which was 0.1% better than market expectations. At the same time, wage growth was 3.0%, which coincided with the previous indicator, but it was 0.2% worse than expected. It should be noted that the employment rate was 73.7%, which was the highest value since 1971, when they began to monitor statistics on this indicator. Despite the positive news on the labor market, increasing British pound is restrained by the expectations of the Fed raising interest rates and low inflation in the UK. Our medium-term outlook for the British pound remains negative.