U.K Office for National Statistics will release its preliminary fourth quarter GDP data at 4:30 am ET Tuesday.The economy is forecast to expand 0.6 percent sequentially, slower than the 0.7 percent rise in the previous quarter. Annually, GDP is expected to grow 2.8 percent after the 2.6 percent increase in the previous quarter.

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

As of 4:25 am ET, the Pound was trading at 0.7496 against the Euro, 1.3724 against the Swiss franc, 1.5092 against the U.S. dollar and 178.36 against the Yen.

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