GBP / USD touched highs of 1.5223 overnight, before pulling back to 1.5168.
Sterling remained under pressure after data on Tuesday showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November. Economists had expected a smaller decline to 0.7%.
Consumer prices were unchanged from a month earlier, compared to expectations for an uptick of 0.1%.
The report said inflation was flat in December due to falling gas and electricity costs. In addition, transport costs fell by 0.2% from a month earlier, due to falling petrol and diesel prices.
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