Since the BOE announced a "hawkish cut" back in December, can an upbeat U.K. inflation report convince policymakers to end their easing cycle soon? Our Event Guide for the U.K. CPI points out that the manufacturing and services PMI surveys have reported a strong rebound in input costs that likely translated to higher consumer inflation. Here's what I'm watching on GBP/CHF and GBP/AUD in this scenario.