United States Redbook Index (YoY) dipped from previous 5.7% to 5.5% in January 16

The British Pound (GBP) edges lower against the Canadian Dollar (CAD) on Wednesday, as the latest UK inflation data fails to derail market expectations for a gradual easing path from the Bank of England (BoE). At the time of writing, GBP/CAD trades around 1.8520, down nearly 0.32% on the day.