At 4.30 am ET Tuesday, the Office for National Statistics publishes UK labor market statistics. The ILO jobless rate is seen unchanged at 4.2 percent in three months to March.

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

The pound was worth 148.65 against the yen, 1.3531 against the franc, 0.8813 against the euro and 1.3528 against the greenback as of 4:25 am ET.

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