This article is originally referred from FBS News.
UK consumer price index due at 11:30 (Metatrader time) is an important indicator for the Bank of England.
The higher the growth of consumer prices is, the harder it becomes for the BOE to keep interest rates low.
The central bank’s policy, in turn, has a direct impact on the pound. GBP/USD and EUR/GBP should react to the CPI release.
Original Source: FBS News