A quiet day for the UK in terms of economic data, therefore attention turns to the US later today.
Investors’ attention will turn to this afternoon where there is a flurry of US figures. Also, over the course of the day there are a number of ECB policymakers that may garner some market attention.
Producer Price Index and Core PPI figures in the US are both set to expand this afternoon. This
indicates that price inflation is rising and is reflecting the higher-than-expected US CPI inflation release earlier this week.
US retail sales is set to rebound in February, suggesting that the US economy is beginning to slowly improve, and that consumer spending is increasing.
There has been low volatility in the FX markets this week. GBPEUR and GBPUSD have both been trading in a tight range as markets anticipate Central Bank monetary policies decisions.
The Bank of England have remained firm on future rate cuts therefore resulting in the Pound being one of the best performing currencies in the G10 this year. Attention will turn to next week as we await UK CPI inflation figures and The BoE interest rate announcement.