The U.K. CPI and PPI for January and house price index for December have been released at 4:30 am ET Wednesday. The pound recovered from its early lows against its major rivals after these data.

The pound was trading at 1.3013 against the greenback, 143.45 against the yen, 1.2800 against the franc and 0.8299 against the euro around 4:32 am ET.

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