At 4.30 am ET Tuesday, UK CIPS/Markit factory PMI is due. Economists expect the index to drop to 47 in September from 47.4 in August.

Ahead of the data, the pound retreated against its major counterparts.

The pound was worth 1.2271 against the greenback, 132.99 against the yen, 0.8874 against the euro and 1.2277 against the franc at 4:25 am ET.

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Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

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