Cable holds below 1.2373 (Tuesday's low) after falling to 1.2332 in Asia

1.2332 is lowest level since April 3 (1.2275 was low that day)

Drop to 1.2332 spurred by demand for safe-haven USD as debt deadline looms

Fitch puts US rating on negative watch. June T-bill yields jump nL1N37M0CP

1.2470 was GBP/USD high Wednesday, after hotter than expected UK CPI data

Drop from 1.2470 influenced by UK growth concerns if BoE keeps on hiking