UK trade balance and construction output in focus today – Danske Bank

Research Team at Danske Bank, suggests that today's data calendar is very thin and the focus is still on markets digesting yesterday's easing package from the ECB.

Key Quotes

“In the UK, trade balance and construction output figures are due. The releases will give us more insight into the state of the economy at the beginning of the year but these releases have in our view lost some importance on the back of 'Brexit' uncertainties. In Canada the labour market report is due for release.”

GBP/USD: Bullish momentum stalled near 50-DMA

The bullish momentum in the GBP/USD pair ran out of steam in the NY session near 50-DMA (then at 1.4325) and the spot now trades on a flat note around 1.4275.
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Eurozone: BoE and the SNB meet next week - Westpac

Richard Franulovich, Research Analyst at Westpac, suggests that there’s very little of interest in the Eurozone calendars next week, the final Feb CPI and region-wide IP the main releases while we have the BoE and the SNB meet with the latter likely to cut rates to match the ECB.
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