FX.co ★ Pound Drops Following U.K. CPI, PPI

At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer prices for May. The pound declined against its major counterparts after the data.

The pound was trading at 166.67 against the yen, 1.2224 against the greenback, 0.8586 against the euro and 1.1832 against the franc around 2:02 am ET.