At 4:30 am ET Tuesday, Markit is set to release Purchasing Managers' survey data for the construction sector. The U.K. Purchasing Managers' Index is forecast to fall marginally to 59 in February from 59.1 in January.

Ahead of the data, the Pound showed mixed trading against its major rivals. While the Pound held steady against the Euro and the U.S. dollar, it rose against the Swiss franc. Against the Yen, the Pound fell.

As of 4:25 am ET, the Pound was trading at 0.7281 against the Euro, 1.4756 against the Swiss franc, 1.5363 against the U.S. dollar and 183.98 against the Yen.

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