Sell orders around 1.3700 kept a lid on cable through the London morning

Offers circa 1.3700 also capped GBP/USD gains at the start of last week

1.3701 = Ldn am high nL1N2JO0J5. 1.3703 was 32-month high on Jan 4

GBP underpinned by Bailey talking down the prospect of negative BoE rates

See: nL8N2JN1YS. Retreat from 1.3701 based around 1.3655 (Asia low)

U.S. December inflation data due at 1330GMT, core CPI forecast +1.6% YY