The Office for National Statistics is scheduled to release U.K. consumer prices and public sector finance data at 4.30 am ET. Annual inflation is expected to ease to 3.1 percent in April from 3.5 percent in March.
Retail price inflation is seen at 3.4 percent, down from 3.6 percent in the prior month while public sector net borrowing is seen at -GBP 22.8 billion in April compared to GBP 15.9 billion in March.
The pound edged slightly lower against its major counterparts ahead of the report. As of 4:25 am ET, the British currency was trading at 1.4855 against the Swiss franc, 126.0 against the yen, 1.5832 against the dollar and 0.8090 against the euro.
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