At 4.30 am ET Wednesday, the Office for National Statistics releases UK GDP data, industrial and construction output and foreign trade reports for August. GDP is forecast to climb 0.2 percent on month, following a 0.3 percent rise in July.

Ahead of these data, the pound advanced against its major rivals.

The pound was worth 148.91 against the yen, 1.3159 against the dollar, 1.3063 against the franc and 0.8733 against the euro as of 4:25 am ET.

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