At 4:30 am ET Tuesday, the Office for National Statistics publishes U.K. foreign trade figures. Economists expect the visible trade deficit to narrow to GBP 10.4 billion in December from GBP 10.64 billion in November.

Ahead of the data, the pound held steady against its major rivals.

As of 4:25 am ET, the pound was trading at 0.7742 against the euro, 1.4211 against the Swiss franc, 1.4428 against the U.S. dollar and 166.44 against the yen.

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