• The Office for National Statistics will release the top-tier UK CPI data for January on Wednesday.
• Headline and core annual inflation from the United Kingdom are set to rise, while monthly CPI is likely to fall.
• The UK CPI report is set to influence the BoE’s interest rate path, rocking the Pound Sterling.

Pound Sterling traders keenly await the release of the high-impact Consumer Price Index (CPI) data from the United Kingdom (UK) on Wednesday, for fresh hints on the timing of the Bank of England’s (BoE) first interest rate cuts this year, as the BoE policymakers continue to push back against expectations of early rate cuts.

The Office for National Statistics (ONS) is due to publish the UK inflation data at 07:00 GMT on February 14.