At 4:30 am ET Thursday, U.K. CIPS/Markit services PMI is due. Economists forecast the index to rise to 57.7 in August from 57.4 in July.

Ahead of the data, the pound dropped against its major rivals.

The pound was quoted at 0.7361 against the euro, 183.60 against the yen, 1.4790 against the franc and 1.5263 against the greenback as of 4:25 am ET.

Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Apr 2024 to May 2024 Click Here for more Sterling vs CHF Charts.
Sterling vs CHF (FX:GBPCHF)
Forex Chart
From May 2023 to May 2024 Click Here for more Sterling vs CHF Charts.