At 4:30 am ET Monday, the Bank of England publishes mortgage approvals for January. The number of mortgages approved in January is seen at 74,000 compared to 70,800 in December.

Ahead of the data, the pound showed mixed trading against its major rivals. While the pound fell against the yen, it rose against the euro and the Swiss franc. Against the U.S. dollar, the pound held steady.

As of 4:25 am ET, the pound was trading at 0.7865 against the euro, 1.3859 against the Swiss franc, 1.3876 against the U.S. dollar and 156.65 against the yen.

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