At 4:30 am ET Wednesday, UK Markit/CIPS is scheduled to release services PMI for September. Economists forecast the reading to remain unchanged at 53.2.

Ahead of the data, the pound dropped against its major rivals.

The pound was worth 149.17 against the yen, 1.2903 against the franc, 0.8874 against the euro and 1.3251 against the greenback as of 4:25 am ET.

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