Orbex, Release of UK Inflation Data, Interest Rate decision, Core CPI and Job Data will be on focus this week

The economic calendar for the currency markets looks a bit quiet for the week ahead compared to the previous week.

Still, the headlines will be dominated by the central bank meetings from the Swiss National Bank and the Norges Bank.

Both the central banks are expected to keep interest rates steady but the Norges Bank is tipped to potentially signal a rate hike by the latter part of this year.

On the economic front, data from the U.S. will see the release of the inflation data alongside retail sales.

The data comes out ahead of the FOMC meeting that is due in a week’s time.

Busy week for the GBP

The British pound will see a busy week with a lineup of important top tier economic data.

Starting on Tuesday, inflation data will be coming out.

Economists forecast that consumer prices in the UK slowed during the month of February.

Economists forecast that headline inflation rate rose just 2.8% on an annual basis for the month of February compared to a year ago.

This marks a slower pace of increase compared to January’s increase of 3.0%.

Core CPI rate is also expected to rise just 2.5% on the year, slower than the 2.7% increase seen previously.

Later in the week, the jobs report is expected to show that the UK’s unemployment rate was steady at 4.4%.

Following the inflation and jobs report, the BoE will be holding its monetary policy meeting.

Interest rates are expected to remain unchanged at 0.50%.