At 4.30 am ET Tuesday, UK CIPS/Markit factory PMI is due. Economists forecast the index to fall to 54.7 in March from 55.2 in February.

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

The pound was worth 149.46 against the yen, 1.3441 against the franc, 0.8753 against the euro and 1.4078 against the greenback as of 4:25 am ET.

Grafico Cross Sterling vs Yen (FX:GBPJPY)

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Grafico Cross Sterling vs Yen (FX:GBPJPY)

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