At 4.30 am ET Friday, the UK CIPS/Markit composite PMI survey results have been released. The pound retreated from its early highs against its major rivals after the data.

The pound was trading at 1.3138 against the greenback, 144.06 against the yen, 1.2747 against the franc and 0.8406 against the euro around 4:33 am ET.

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