The Sterling (GBP) pushed to 1.6270 before consolidating and closing at 1.6250. EUR/GBP edged higher to 0.8140 close to the highs for the month seen at 0.8150. CPI came in pretty hot at 2.7% y/y and hinders the BOE ability to expand QE. Also ahead, MPC Minutes. Also December CBI Distributive Trades forecast at 25 vs. 33.
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