The Office for National Statistics is scheduled to issue U.K. consumer and producer price figures at 4:30 am ET. Consumer price inflation is seen at 2.7 percent in August, down from 2.8 percent in July.

Output price inflation is forecast to fall to 1.8 percent from 2.1 percent in July. Input price inflation is seen at 3 percent, down from 5 percent a month ago.

The pound paused its recent rally against its major counterparts ahead of the data. As of 4:25 am ET, the sterling was trading at 1.5920 against the US dollar, 158.0 against the yen, 1.4760 against the Swiss franc and 0.8380 against the euro.

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