The UK's inflation data for July showed that annual inflation climbed to 2.9%, matching analysts' expectations, but core CPI rose by 2.6% in line with June's print.
However, the Producer Price Index - Input declined by 1.7% on a monthly basis compared to market forecasts of no change.
The GBP/USD edged higher in the European morning and traded at around 1.3550 after closing marginally lower on Tuesday.
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