Important events today:

07:00 UTC – GBP: Inflation for January.
13:30 UTC – USA: Retail sales for January.

Since this currency pair historically correlates with the SP500 index, today we can see a decrease in quotes against the background of a decrease in the indicator of excess liquidity in the US banking system to a two-week low.

If you look from the other side, you should not expect significant sales due to the psychological level at 115.00 and high interest rates on US government bonds. Until now, investment funds and bankers have no better alternative to US treasuries, the profitability of which, although lower than inflation, is higher than Japanese securities.

Recommendations: Flat in the range of 115.25 -116.10.