The domestic week for Sterling is a busy one - Scotiabank

Analysts at Scotiabank explained that domestic risk will remain elevated for the UK throughout the week as market participants look to Tuesday’s CPI, Wednesday’s employment, and Thursday’s retail sales data and BoE policy decision. 

Key Quotes:

"A BoE hold on Thursday (0.25%) is widely expected and the tone will be key as policymakers interpret the shifting outlook following the most recent round of stronger-than-expected PMI’s."

"Lastly, note that MPC member Shafik is set to leave the BoE at the end of February 17. The departure was unexpected."