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We have a jam-packed week of economic event lined up for the UK this week. Between Tuesday and Friday, we have the latest jobs report, CPI, Retail Sales and Flash PMI numbers.
Apart from the economic data we also need to pay attention to any further comments or developments between the UK and EU with regards to the ongoing trade deal negotiations.
We also need to watch out for any further comments with regards to the March budget. This week saw big jump in the GBP as the cabinet reshuffling caused markets to expect the possibility of more fiscal stimulus which could lead to lesser required action from the BoE in terms of monetary policy.
Either way, it’ll be a busy week for the Pound with lots of potential for an increase in volatility and additional trading opportunities.
This week ahead video will help you prepare for this week’s upcoming event and provide insights into how you could possibly trade it as well.
Highlights of the video:
01:19 – Baseline context for the GBP
03:53 – Baseline expectations for the upcoming risk event
07:07 – Possible sentiment shifts
09:59 – Possible currency pairs to consider