GBP: Following the 3% increase in Consumer Inflation Expectations released on Friday, the British Pound was weaker than before. The British Pound was under some pressure as a result of the markets’ increased bets on a June rate decrease by the Bank of England. Investors are anticipated to keep a careful eye on a number of market indicators going forward, including the Consumer Price Index, Producer Price Index, and Retail Price Index, all of which are scheduled for release tomorrow.

EUR: The Euro has recently profited from a string of readings that were better than anticipated. Furthermore, the ECB’s recent decision to maintain record-high borrowing prices at its March meeting has supported the bloc’s single currency. Politicians did, however, seem to be talking about a first rate decrease. In the future, today is the deadline for the Eurozone Harmonised Index of Consumer Prices and Trade Balance. On the other hand, tomorrow will see the release of the German and Eurozone ZEW Survey.

USD: As attention shifted entirely to the Federal Reserve meeting on Wednesday, the value of the US dollar remained close to two-week highs. The Fed is largely expected to maintain current interest rates, but any indications that it intends to lower rates in 2024 will be closely monitored. But given that recent statistics revealed stickier than anticipated inflation in February, the central bank might possibly sound a more hawkish note than the markets are anticipating for.

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