At 4.30 am ET Wednesday, UK IHS Markit/CIPS services PMI data is due. The index is forecast to rise moderately to 50.6 in May from 50.4 in April.

Ahead of the data, the pound traded mixed against its major counterparts. While the pound fell against the euro, it advanced against the rest of major counterparts.

The pound was worth 1.2714 against the greenback, 137.64 against the yen, 1.2617 against the franc and 0.8866 against the euro as of 4:25 am ET.

Euro vs Sterling (FX:EURGBP)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more Euro vs Sterling Charts.
Euro vs Sterling (FX:EURGBP)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more Euro vs Sterling Charts.