Following last week’s hawkish hold by the Bank of England (BoE), the high-impact Consumer Price Index (CPI) data from the United Kingdom on Wednesday will hold the key for the next directional move in the Pound Sterling. The data will be published by the Office for National Statistics (ONS) at 07:00 GMT. The headline annual UK Consumer Price Index is forecast to rise 4.4% in November, slowing slightly from October’s 4.6% increase. The data would continue to sit at its lowest since October 2021 while more than double the BoE’s 2.0% target. The Core CPI inflation is seen declining to 5.6% YoY in November, as against a ... (full story)