Market insights

Key Euro News Ahead

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.

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Economic calendar

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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