At 4:30 am ET Thursday, U.K. CIPS/Markit services PMI is due. Economists forecast the index to rise to 57.7 in August from 57.4 in July.

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

The pound was quoted at 0.7361 against the euro, 183.60 against the yen, 1.4790 against the franc and 1.5263 against the greenback as of 4:25 am ET.

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