The BoE two weeks ago mentioned, like the Fed, it does not have the confidence yet on inflation to cut rates. That won’t change after earnings ex-bonuses slowed in December to 6.2% 3m/YoY, above forecast of 6.0%. November was revised up by 0.1ppt to 6.7%. 

Employment rose by 72K. Payrolls, a notoriously volatile data series, expanded by 48K in January. December was revised up to +31K. 

For EUR/GBP, a pullback to the 0.8400-0.8500 range becomes a distinct possibility for the first time since 2022.