At 4:30 am ET Wednesday, U.K. CPI, PPI and house price index for January are due. Ahead of these data, the pound retreated from its early highs against its major counterparts.

The pound was worth 142.67 against the yen, 1.2957 against the franc, 0.8790 against the euro and 1.2886 against the greenback as of 4:25 am ET.

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