Cable runs into resistance ahead of 1.2728 after extending north from 1.2681

1.2681 was low after as expected 2.6% UK CPI. 1.2728 was Tuesday's high

Private sector rents in England up 9.3% in 12 months to November, ONS says

UK factories report plunge in output, adding to economic slowdown signs

BoE rate hold expected on Thursday. Will BoE only cut rates twice in 2025?

Hawkish Fed cut expected at 1900 GMT; Powell briefing starts at 1930 GMT