The following are some of the important economic data that will be the focus of the market throughout the week.
UK Inflation Data (Wednesday 3.00pm): The annual inflation rate report in the UK is expected to record rising figures which will give a positive picture of consumer spending. This will support the further strengthening of the Pound after the central bank raised interest rates last week.
Swiss Central Bank Policy Meeting (Thursday 4.30pm): The Swiss National Bank (SNB) is expected to keep interest rates unchanged like the Japanese central bank (BOJ), not as aggressive to tighten policy as the Federal Reserve (Fed) or the central bank of England (BOE).
UK Manufacturing & Services PMI data (Thursday 4.30pm): Although the central bank raised rates last week and inflation is expected to be positive, it is likely that readings for the UK economy will contract slightly for this month due to the Russia-Ukraine war crisis.
European Manufacturing & Services PMI data (Thursday 5.30pm): Will add pressure on the Euro, European economic sector valuation data for March is forecast to be slightly lower than the previous month.
US Manufacturing & Services PMI data (Thursday 9.45pm): Focused economic sectors in the United States are set to influence the movement of the USD currency over the weekend. The expected declining figure readings could put pressure on the USD.
