Pound dips slightly on dollar after British inflation unexpectedly slows

LONDON, Jan 15 (Reuters) - The pound dipped slightly against the dollar after data that showed British inflation unexpectedly slowed to an annual rate of 2.5% in December and 0.3% month on month.

The pound was last down 0.24% on the dollar at $1.2187. It was at $1.220 immediately before the data. GBP=D3

It held steady on the euro at 84.45 pence.

Core CPI which excludes volatile items such as energy and food, also came in below expectations at 3.2%.

(Reporting by Alun John; Editing by Amanda Cooper)

((alun.john@thomsonreuters.com;))