Analysts at Societe Generale claim that the possibility of Bank of England’s turning hawkish is already priced in, so if BOE's quarterly inflation report fails to strengthen the expectations of BoE rates hike, pound will be vulnerable to any weak economic data.

It’s necessary to note the number of unemployment claims increased in January by 2,400, while the economists were looking forward to a 3,200 decline.



Chart. H4 GBP/USD

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