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Figure Heloc 
OCBC’s Sim Moh Siong argues that sticky UK inflation and firmer activity data have limited dovish repricing of the Bank of England and cushioned the Pound. However, the 26 February by-election is seen keeping GBP volatility elevated in the near term.
💡 DMK Insight
UK inflation isn’t budging, and that’s keeping the Pound on shaky ground. Sim Moh Siong from OCBC highlights that despite some positive activity data, the Bank of England’s dovish stance isn’t being fully priced in. This means traders should brace for potential volatility, especially with the upcoming by-election on February 26. The uncertainty surrounding political events often leads to erratic price movements, so keep an eye on GBP pairs. If the Pound holds above key support levels, it could signal resilience, but a break below might trigger a sell-off. Here’s the kicker: while the mainstream narrative focuses on inflation, the real story is how political events can overshadow economic indicators. Traders should monitor the GBP/USD and GBP/EUR closely, especially as we approach the by-election date. Watch for any shifts in sentiment that could lead to rapid price changes in either direction.
📮 Takeaway
Monitor GBP pairs closely as the February 26 by-election could trigger significant volatility; key support levels are crucial to watch.
