At 2.00 am ET Wednesday, the Office for National Statistics has released UK consumer and producer price figures for August. The pound dropped against its major rivals after these data.

The pound was trading at 1.1503 against the greenback, 165.43 against the yen, 1.1054 against the franc and 0.8676 against the euro around 2:05 am ET.

Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

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Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

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