At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to issue U.K. industrial production figures for December. Output is forecast to remain flat in December after falling 0.7 percent in November.

Ahead of the data, the pound rose against its major rivals.

As of 4:25 am ET, the pound was trading at 0.7782 against the euro, 1.4088 against the Swiss franc, 1.4470 against the U.S. dollar and 166.06 against the yen.

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