We’ve got a fresh round of inflation figures from the U.K. this week, and the results could put the BOE on a clearer policy path.

Our Event Guide for the U.K. December CPI Report mentioned that BOE officials are worried about slowing growth amid rising price pressures, so a weak inflation print could give them more leeway to ease.

Here’s what I’m watching on GBP/AUD and GBP/JPY if the CPI fails to impress.