The pound slipped against its major rivals in European deals on Tuesday, as U.K. manufacturing production declined more-than-forecast for May and investors awaited the outcome of EU summit in Brussels.

Figures from the Office for National Statistics showed that U.K. manufacturing production fell 0.6 percent in May, while it was expected to increase by 0.1 percent.

On year, manufacturing production grew 1.0 percent in May, slower than a 1.8 percent rise expected by economists.

Meanwhile, the industrial production rose 0.4 percent month-over-month in May, defying economists' expectations for a 0.2 percent fall. It was the fourth consecutive monthly gain.

Eurozone finance ministers are holding an emergency meeting after Greeks rejected bailout reforms in a referendum on Sunday. Greek Prime Minister Alexis Tsipras has agreed to present new proposal for aid, amid mounting pressure to reach cash-for-reforms deal in an attempt to avert bankruptcy.

The pound showed mixed trading in the previous session. While the pound rose against the yen and the franc, it held steady against the euro. Against the greenback, the currency fell.

The pound declined to 1.5441 against the greenback, its lowest since June 11. At Monday's close, the pair was worth 1.5598. The next possible support for the pound-greenback pair is seen around the 1.534 zone.

The pound slipped to nearly a 4-week low of 188.96 against the yen, off early high of 191.54. If the pound-yen pair extends decline, it may locate support around the 188.00 area. The pair was quoted at 191.16 at yesterday's close.

Reversing from an early high of 1.4729 against the Swiss franc, the pound hit a 4-day low of 1.4634. The pound is seen finding support around the 1.45 mark. The pound-franc pair ended yesterday's trading at 1.4696.

The pound, having advanced to 0.7058 against the euro at 4:30 am ET, reversed direction with pair trading at 0.7106. On the downside, 0.715 is possibly seen as the pound's next support level. The pound was trading at 0.7079 against the euro when it ended yesterday's trading.

Looking ahead, Canada and U.S. trade balance, both for May and U.K. NIESR GDP estimate for June are scheduled to be released in the New York session.

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