At 4.30 am ET Wednesday, UK final Markit/CIPS composite PMI survey results are due. The composite output index is expected to match the flash estimate of 57.7.

Ahead of the data, the pound rose against its major rivals. The pound was worth 152.07 against the yen, 1.3927 against the greenback, 0.8511 against the euro and 1.2605 against the franc as of 4:25 am ET.

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