In January 2025, annual inflation in the UK accelerated significantly to 3%, the highest level since March 2024. accelerated to 3%, the highest level since March 2024. This figure was higher than December's 2.5% and the forecast 2.8%. The main drivers of growth are related to transportation, where airfares and fuel prices have risen. The rise in food prices also made a significant contribution. However, at the moment, the publication of the data did not lead to the growth of the GBP/USD volatility. The market is waiting for the publication of minutes of the US FOMC later on Wednesday. Meanwhile, the British pound continues trade in a narrow range against the US dollar.