Will this week’s U.K. CPI report support a BOE rate cut?

Our Event Guide for the U.K. CPI release suggests that upside surprises in the U.K.’s inflation numbers would point to a higher-for-longer interest rate environment, which could increase the demand for the British pound.

If the U.K.’s CPI numbers come in hot, GBP/USD and GBP/CAD could draw in bullish pressure.