Cable met headwind pre-1.2243 after pushing recovery envelope from 1.2163

1.2243 was Tuesday's low. 1.2163 was low after UK inflation data; CPI 9.1%

See: nL1N2Y90EVnL8N2Y917G. Rally from 1.2163 precedes Powell event risk

Fed Chair will address Senate Banking Committee from 1330 GMT nS0N2UQ02G

Powell last week said 50 or 75 bps hike "most likely" in July nL1N2Y12O3

UK PMIs due Thursday nL1N2Y90KY. Two UK by-elections Thursday nL8N2Y72TU