At 4:30 am ET Friday, Markit releases U.K. flash PMI data. The factory PMI is forecast to fall to 48.7 in July from 52.1 in June. Similarly, the services PMI is seen at 48.8 versus 52.3 a month ago.

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

The pound was worth 0.8313 against the euro, 1.3275 against the greenback, 140.88 against the yen and 1.3073 against the franc as of 4:25 am ET.

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