U.K 's National Office for Statistics is due to release its public borrowing figures for December at 4:30 am ET Thursday. Public borrowing, excluding interventions, is expected to fall to GBP 9.7 billion in December from GBP 14.1 billion in November.

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

As of 4:25 am ET, the Pound was trading at 0.7663 against the Euro, 1.3040 against the Swiss franc, 1.5154 against the U.S. dollar and 178.52 against the Yen.

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