• Cable meets headwind pre-1.2250 (Tuesday's high) after rallying off 1.2155

• 1.2155 was knee-jerk low after softer than expected UK Dec inflation data

• UK CPI 2.5% YY vs 2.6% forecast; services CPI 4.4% vs 4.9% Reuters poll f/c

• Gilt yields fall after unexpected UK inflation drop

• Higher gilt yields hurt GBP last week. BoE likely to cut rates on Feb 6

• US CPI data due at 1330 GMT: 0.3% MM, 2.9% YY f/c; core f/c 0.2% MM, 3.3% YY

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