The British March PPI and the trade balance report for February are due at 4:30 am ET. Input prices are predicted to fall 0.7% annually in March after rising 0.5% in February. Meanwhile, output prices are expected grow 2.1% compared to 3.1% in February.

UK's visible trade deficit is seen at GBP 7.6 billion in February, smaller than GBP 7.75 billion deficit in January.

Ahead of the releases, the pound slipped against its major counterparts. At about 4:25 am ET, the pound traded at 1.4651 against the dollar, 0.70 per euro, 146.55 versus the yen and 1.6792 against the franc.

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