Last month, the rate of growth in consumer spending in the UK declined after a rebound in January, despite an increase in confidence of citizens in their finances and the state of the economy. This was evidenced by data from surveys of retailers and consumers released on Tuesday. At today, the Bank of England is expected to leave interest rates at 4.5% at its next meeting on March 20. However, a potential increase in the likelihood of a of a rate cut could put pressure on the GBP/USD pair quotes, which encountered resistance in the range: 1.2850-1.3000. In case of a decrease, significant support may appear in the range of 1.2600-1.2700.