Cable hugs 1.2300 as it consolidates losses from 1.2413 (Tuesday's high)

1.2286 marks the intra-day low, following UK PPI data surprise

UK factories unexpectedly cut prices in Dec, helping BoE's inflation fight

BoE is expected to raise rates for 10th consecutive time next week (Feb 2)

1.2264 (Tuesday's low) and 1.2250 are support points below 1.2286

Resistance levels include 1.2342 (rally high from 1.2264) and 1.2400