At 4:30 am ET Tuesday, UK's Office for National Statistics is expected to publish a report on industrial and manufacturing output. Industrial output is forecast to fall 1.2% month-on-month in February and 12.5% year-on-year.

Ahead of the release, the pound showed mixed trading against its major counterparts. While the pound advanced against the euro and the franc, it moved sideways against the dollar and the yen. At about 4:25 am ET, the pound traded at 1.4727 against the dollar, 0.9077 per euro, 147.77 against the yen and 1.6753 against the franc.

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