Today sees a massive day of news for GBP/EUR.
First off the bat is the inflation report. Analysts expect annualised growth of 1.8%.
Any lower could trigger a bigger than expected rate cut by the ECB.
Later the interest rate decision comes out. As it stands, a 25 point cut to 3.25% is expected.
And all of that is just the starting point of a big 24 hours of news, so there could be volatility.
US retail sales are announced just before the ECB press conference, and that's not the end of it.
Going into tomorrow there's Chinese GDP numbers out before the UKs retail sales numbers out at breakfast.
Last time around the UK retail sales numbers were substantially lower than expected, so this will be a keenly watched number.
Business news continues on the budget theme. Complaints are being raised by Whitehall regarding proposed cuts to contribute towards a £40 billion "hole" that needs filling.
EUR: 10:00 Inflation Report
EUR: 13:15 Interest Rate Decision
US: 13:30 Retail Sales
EUR: 13:45 ECB Press Conference
CHN: Friday 03:00 GDP Report
UK: Friday 07:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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