After the release of U.K. CPI and PPI for March at 4:30 am ET Wednesday, the pound dropped against its major counterparts.

The pound was trading at 146.05 against the yen, 1.3150 against the franc, 0.8675 against the euro and 1.3047 against the greenback around 4:34 am ET.

Sterling vs Yen (FX:GBPJPY)
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Sterling vs Yen (FX:GBPJPY)
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