Cable sits at 1.5970, slightly lower compared to a North America close Tuesday around 1.6005 with early European trade so far being confined to a narrow range.
Overnight saw the release of Nationwide consumer confidence data for December which came in down at 69 from a revised 74 read in November. It was the sharpest fall in over a year.
Elsewhere the BRC shop price index came in at +2.2% y/y, fastest rate of growth in 13 months.
Data due today:
09:30 GMT: UK services PMI for December expected 57.0
09:30 GMT: UK official reserves for December
Intital support 1.5945/50, resistance 1.6000/05.
