Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
This chart from Bloomberg business shows that the rate cut expectations/probability from the Bank of England (BoE) has reached 100 percent, meaning that the market is certain of a rate cut this week. This means that a rate cut alone won't be enough to push the pound lower if one is priced in.
So, if the BoE disappoints, we are going to see big moves in the pound sterling, which as of now is trading at 1.318 against the dollar.
