At 4.30 am ET Tuesday, UK CIPS/Markit services PMI is due. The index is seen at 50.0 in February, compared to 50.1 last month.

Ahead of the data, the pound traded mixed against its major rivals. While the pound held steady against the euro, it rose against the rest of major rivals. The pound was worth 1.3172 against the greenback, 147.50 against the yen, 1.3188 against the franc and 0.8599 against the euro as of 4:25 am ET.

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