Cable hits 1.2374 (intra-day low) after extending south from 1.2447

1.2447 was seven-month high in Asia (1.2446 was Dec high) nL1N348085

Drop to 1.2374 influenced by some profit-taking on long positions

Fed and BoE rate decisions next week: 25 bps increase expected from Fed

HSBC expects more votes for 25 bps BoE hike than 50 bps Feb 2 nL1N3480FY

Yellen says strong U.S. labor market, easing inflation are hopeful signs