At 2.00 am ET Wednesday, the Office for National Statistics releases UK consumer and producer prices for April. Consumer price inflation is forecast to rise to 9.1 percent from 7 percent in March.

Ahead of the data, the pound rebounded from its early lows against its major counterparts.

The pound was worth 161.31 against the yen, 1.2488 against the franc, 0.8438 against the euro and 1.2413 against the greenback at 1:55 am ET.

Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Aug 2022 to Sep 2022 Click Here for more Sterling vs CHF Charts.
Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Sep 2021 to Sep 2022 Click Here for more Sterling vs CHF Charts.