Next week’s market movers

• The UK Inflation data for February are expected to move the market on Tuesday.
• Fed’s and RBNZ’s interest rate decisions are to be the epicenter of attention on Wednesday.
• The market is expected to shift its focus to BoE’s interest rate decision on Thursday.
• While on Friday Japan’s and Canada’s inflation data are also set to get some attention.

In the coming week will be a number of important financial data releases, however our team has selected some, which it considers to be of the highest importance and could move the market more than others.

On Monday, no major events are expected.

On Tuesday, during the European morning, we get UK’s Inflation data for February. The headline rate is forecasted to decelerate to +2.8% year on year (yoy) compared to previous reading of +3.0% yoy. Such a reading could ease the pressure on BoE about a rate hike somewhat, however it still is high above BoE’s target of +2%. Please be advised that the Core CPI rate is also set to slow-down to +2.5% yoy compared to previous reading of +2.7% yoy, supporting the argument for inflationary pressures to have eased somewhat. The release gains on importance as it is being released two days ahead of the BoE’s interest rate decision and could weaken the GBP.

Also on Tuesday…

Check out out the full report of IronFX from below!

Weekly Report by IronFX for March 19th – 23rd