The Office for National Statistics will release U.K. CPI and PPI for December at 4:30 am ET Wednesday. Ahead of these data, the pound held steady against its major rivals.

The pound was worth 1.2883 against the greenback, 1.2730 against the franc, 139.90 against the yen and 0.8864 against the euro as of 4:25 am ET.

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