According to @business, the British pound is gaining while FTSE 100 futures are weakening as markets position ahead of UK inflation data, highlighting bullish GBP bias and cautious UK equity sentiment into the release, source: Bloomberg. Based on the price action reported, the pre-data divergence indicates exporter headwinds in the FTSE 100 as a stronger currency can weigh on overseas earnings translation, reinforcing defensive equity positioning into the CPI event risk, source: Bloomberg.