Pound Drops Ahead Of U.K. PMI Data
At 4.30 am ET Wednesday, IHS Markit is scheduled to issue UK
composite PMI survey data. Economists forecast the composite PMI to
drop to 56.3 from 59.1 in August.
Ahead of the data, the pound fell against its major rivals. The
pound was worth 1.2688 against the greenback, 133.18 against the
yen, 1.1673 against the franc and 0.9217 against the euro as of
4:25 am ET.