At 13:00 (GMT+2), the UK will publish January data on the Confederation of British Industry (CBI) retail sales index, which is based on a survey of 20.0K retailers and companies, including wholesale and retail trade. This indicator is the main indicator of consumer spending and represents the difference between the percentage of sellers who reported an increase in sales and those who reported a decrease. If there is a further deterioration in the negative dynamics below –17.0 points, this will exert pressure on the pound’s position.
