At 4:30 am ET Tuesday, the Office for National Statistics is set to release U.K. public sector finance data. The budget deficit is forecast to widen to GBP 6.4 billion in April from GBP 4.8 billion in March.

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

The pound was worth 1.4539 against the greenback, 159.27 against the yen, 1.4431 against the franc and 0.9686 against the euro as of 4:25 am ET.

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