CPI Data set to show steady US inflation in January, still above Fed’s target

The United States (US) Bureau of Labor Statistics will release January’s Consumer Price Index (CPI) report on Wednesday at 13:30 GMT.
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GBP/USD holds gains near 1.2450, downside risks appear due to hawkish Fed

GBP/USD remains steady after registering gains in the previous session, trading around 1.2450 during the Asian hours on Wednesday.
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