At 2:00 am ET Wednesday, the Office for National Statistics released U.K. consumer and producer prices for January.

After these data, the pound fell against its major rivals.

As of 2:01 am ET, the pound was trading at 0.8526 against the euro, 1.1136 against the Swiss franc, 1.2572 against the U.S. dollar and 189.16 against the yen.

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