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With increased bets for an interest cut by the Bank of England (BoE) as early as April, the all-important Consumer Price Index (CPI) data from the United Kingdom (UK) will be closely scrutinized for gauging the timing of the BoE policy pivot and its impact on the Pound Sterling.
5/3/2021 6:50:45 AM GMT | By FXStreet Insights Team It is a very busy week for GBP, with the focus being on the Scottish elections and the Bank of England April meeting (both on Thursday). As the pound is expected to overlook news about the Scottish independence referendum, economists at ING see the GBP/USD pair retesting the 1.40 handle behind BoE’s possible QE tapering. The BoE to matter more for sterling than the Scottish elections “Although the Scottish elections may bring some negative headline news about another Scottish independence referendu...