At 4:30 am ET Wednesday, British Bankers' Association releases U.K. mortgage approvals for October. The number of mortgage approvals are forecast to rise slightly to 44,500 from 44,489 in September.

Ahead of the data, the pound rose against majors.

As of 4:25 am ET, the pound was trading at 0.7049 against the euro, 1.5369 against the Swiss franc, 1.5085 against the U.S. dollar and 184.79 against the yen.

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