At 4:30 am ET Wednesday, U.K. CIPS/Markit construction PMI for July is due. Economists forecast the PMI to drop to 54.0 in July from 54.8 in June.

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

As of 4:25 am ET, the pound was trading at 0.8947 against the euro, 1.2793 against the Swiss franc, 1.3233 against the U.S. dollar and 146.72 against the yen.

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