At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to release U.K. quarterly national accounts. The economy is forecast to grow 0.5 percent sequentially in the second quarter, faster than the 0.4 percent expansion seen in the previous quarter.

Ahead of the data, the pound showed mixed trading against its major rivals. While the pound fell against the euro, it held steady against the U.S. dollar, the yen and the Swiss franc.

As of 4:25 am ET, the pound was trading at 0.8385 against the euro, 1.3030 against the Swiss franc, 1.3114 against the U.S. dollar and 138.37 against the yen.

Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more Sterling vs Yen Charts.
Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more Sterling vs Yen Charts.