Cable consolidates UK GDP miss-spurred losses before US CPI data at 1230 GMT

1.2442 was 14-week low during Ldn am, following minus 0.5% UK July GDP print

Goldman Sachs, J.P. Morgan cut UK's 2023 growth forecast nL4N3AP1QX

1.2442 was 11 pips shy of the 200DMA (1.2445 was last week's low)

GBP/USD might test/break 200DMA if US inflation data is hotter than expected

US CPI forecast up 0.6% MM, 3.6% YY; core CPI forecast up 0.2% MM, 4.3% YY