With inflation in focus, investors must track ECB member commentary. ECB Chief Economist Philip Lane is on the calendar to speak on Friday. ECB Executive Board members Piero Cipollone (Mon/Wed), Luis de Guindos (Tues/Thurs), Claudia Buch (Tues), Kerstin af Jocknick (Wed), Frank Elderson (Thurs), Isabel Schnabel (Thurs) will also deliver speeches.
The Pound
On Tuesday, UK labor market data will influence buyer demand for the Pound. Softer-than-expected average earnings and a higher unemployment rate could influence bets on a Bank of England rate cut.
However, the GDP Report for January also needs consideration. A resilient UK economy could enable the BoE to keep rates elevated to ensure a sustainable fall in inflation toward the target.
On Friday,…
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