During European trading, the British Pound decreased against the US Dollar, trading below 1.2600 levels.
The GBP/USD currency decreased in the European session as analysts predict that the current small uptake in inflation will not disturb the Bank of England's interest rate cuts in 2025. In the UK, CPI Inflation data for January was posted with results higher than expected (3.0% realised vs 2.8% expected). In the US, Fed Meeting Minutes will be released (19:00 GMT).