Cable falls to 1.2312 (low since Jan 18) after UK Jan services PMI miss

48.0 vs 49.7 f/c nZRN005VGN. 1.2413 was early Ldn high (pre-PMI data)

Bids expected circa 1.2300 (Jan 17 high/10DMA) if GBP/USD falls further

Cable vaulted 1.2300 on hot UK inflation in services prices data Jan 18

Debt interest helped to swell UK borrowing to record high in December

BUZZ-To be or not to be 50 bps? Question for BoE, GBP nL1N3490DE