At 4:30 am ET Wednesday, Markit Economics and the Chartered Institute of Purchasing and Supply is due to release their services PMI report for the U.K. The services PMI is expected to rise to 58 in February from 57.2 in January.

Ahead of the data, the Pound showed mixed trading against its major rivals. While the Pound held steady against the U.S. dollar and the Yen, it rose against the Swiss franc and the Euro.

As of 4:25 am ET, the Pound was trading at 0.7244 against the Euro, 1.4788 against the Swiss franc, 1.5357 against the U.S. dollar and 183.74 against the Yen.

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