Cable hugs 1.2500 as it consolidates losses to Wednesday's three-month low

Wednesday's 1.2484 low was plumbed on US ISM services beat, UK rate guidance

BoE Governor Bailey said UK is 'much nearer' to peak interest rates

1.2529 (Tuesday low) is now a GBP/USD resistance level (1.2587 = Monday low)

UK August house prices down 4.6% YY vs minus 3.45% forecast - Halifax

Britain rejoins EU's Horizon science programme with 'bespoke' agreement