At 4:30 am ET Wednesday, U.K. CIPS/Markit construction PMI is due. Economists forecast the indicator to fall to 54 in April from 54.2 in March.

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

The pound was worth 1.4492 against the greenback, 155.16 against the yen, 1.3867 against the franc and 0.7921 against the euro as of 4:25 am ET.

Euro vs Sterling (FX:EURGBP)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more Euro vs Sterling Charts.
Euro vs Sterling (FX:EURGBP)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more Euro vs Sterling Charts.