Cable dips to 1.2689 after UK CPI rises to 2.6% YY in November, as expected

UK services inflation 5.0%, unchanged vs October. 1.2689 = intra-day low

1.2728 was Tuesday's high, following hotter than expected UK pay growth

BoE rate hold expected Thursday. Will BoE only cut rates twice in 2025?

Hawkish Fed cut expected at 1900 GMT; Powell briefing starts at 1930 GMT

1.2608 was GBP/USD low last week, after another negative UK GDP print