Pound Mixed Ahead Of U.K. Composite PMI
UK Markit/CIPS composite PMI is due at 4.30 am ET Wednesday. The
composite index is expected to rise to 50.7 in December, as
initially estimated, from 49.0 in November.
Ahead of the data, the pound showed mixed trading against its
major rivals. While the pound retreated against the franc and the
euro, it was steady against the greenback and the yen.
The pound was worth 1.3636 against the greenback, 140.19 against
the yen, 1.2045 against the franc and 0.9044 against the euro as of
4:25 am ET.