The German economy is also in focus on Thursday, with factory orders. While the numbers need consideration, the ECB monetary policy decision and press conference will be the main event. Uncertainty remains over the timeline for an ECB rate cut. With economists expecting the ECB to leave interest rates unchanged, the press conference will be the focal point.
On Friday, German industrial production and producer prices will draw investor interest. Producer prices may impact the EUR/USD more. A more marked fall in producer prices could signal a softer demand-inflation outlook. However, Q4 GDP numbers for the Eurozone will also warrant investor attention.
Beyond the numbers, ECB commentary needs monitoring.
The Pound
On Tuesday, UK retail sales will influence the buyer appetite for the Pound. The BRC Retail Sales Monitor will be in focus. Weaker retail sales figures could raise bets…
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