• Dip buyers seen after knee-jerk GBP drop on UK Jan inflation data
  
  
• Annualized CPI falls to 0.3%, as per Reuters poll forecast
  
  
• GBP bulls emphasize expansion of UK earnings growth vs CPI
  
  
• UK annualized core CPI rises to 1.4% in Jan, from 1.3% in Dec
  
  
• 1.5332 = cable low post-UK CPI. 1.5345 = pre-data release low