• GBP/USD drop to 1.2235 spurred by dollar gains on Trump's tariff threats

• Trump mulls Feb 1 imposition of 25% tariffs on imports from Canada, Mexico

• 1.2345 was early Asia high - before Trump's tariff threats (at 0049 GMT)

• Cable was sub-1.22 before USD fell on word of no day-one U.S. tariffs Monday

• UK ex-bonus pay growth 5.6% vs 5.5% forecast; payrolls down 47k in Dec

• Data underpins Feb 6 BoE cut f/c. FT-Dalio warns of UK 'debt death spiral'

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(Robert Howard is a Reuters market analyst. The views expressed are his own)