Consumer Price Index. UK, 09:00 (GMT+2)

At 09:00 (GMT+2), the UK will publish January data on the Consumer Price Index — a key indicator of inflation that determines changes in retail prices for a certain basket of goods and services (food, transportation, utilities, healthcare, etc.). It is likely to decrease from 3.4% to 3.0% YoY and from -0.2% to 0.4% MoM, which will certainly have a significant impact on the Bank of England’s monetary policy decisions.

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