The British pound weakened against other major currencies in the Asian session on Wednesday, as traders speculate a rate cut by the Bank of England (BoE) in February.
Recent data showed that the economy logged a slower-than-expected growth and inflation eased unexpectedly. Consequently, it is generally expected that the BoE would reduce the key interest rate by 25 basis points to 4.50 percent at its policy meeting on February 6.
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