At 4:30 am ET Wednesday, the Bank of England is slated to release the minutes of the Monetary Policy Committee meeting held on July 8 and 9. The bank held its interest rate at a record low 0.50 percent and quantitative easing at GBP 375 billion.
Ahead of the data, the pound rose against its major rivals.
As of 4:25 am ET, the pound was trading at 0.7007 against the euro, 1.4954 against the Swiss franc, 1.5612 against the U.S. dollar and 193.23 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com