At 4.30 am ET Thursday, UK Markit/CIPS construction PMI is due. The index is seen rising to 54.6 in March from 53.3 in February.

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

The pound was worth 1.3744 against the greenback, 150.44 against the yen, 1.2756 against the franc and 0.8646 against the euro as of 4:25 am ET.