Beyond the numbers, investors must track ECB member commentary.
The Pound
On Wednesday, UK inflation numbers for February will influence buyer demand for the Pound. Sticky inflation figures could signal a higher-for-longer Bank of England rate path.
Preliminary private sector PMIs for the UK will kickstart an important Thursday session. The focus will be on the Services PMI, accounting for over 70% of the UK economy.
Beyond the headline PMI, investors must consider employment, new orders, and prices. An upward trend in wages and output prices could influence the BoE rate path.
However, later in the Thursday session, the Bank of England Interest rate decision and MPC Meeting Minutes will have more impact. The markets expect the BoE to leave interest rates at 5.25%. A hold would shift the focus to the vote count and Meeting Minutes.
On Friday, UK retail sales numbers…
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