In the U.K., new figures showed that the country's unemployment rate edged lower in the three months to May, hitting its lowest level since 2005. The jobless rate fell to 4.9 percent, lower than the Reuters estimate. Sterling rose on the back of the news, trading up against the dollar, hovering at $1.3163 by Europe's close.
Elsewhere in the country, the new Prime Minister Theresa May took part in her her first Prime Minister's Questions on Wednesday. May discussed jobs, the country's economy and Brexit, and said the U.K. would be leaving the EU, but not Europe; and that the country was open for business.
In global markets, Asia closed mixed with a sharp decline in Nintendo shares weighing on sentiment; while U.S. stocks traded higher as Wall Street celebrated better-than-expected earnings. Investors worldwide will now be turning their attention to the European Central Bank, which is due to announce its latest rate decision on Thursday, less than a month after the U.K. decided to leave the EU.