Following the decent run of Sterling against the Euro yesterday, there were some worrying signs for the UK economy after consumer confidence unexpectedly weakened for March. This has again boosted speculation of additional easing measures, following dismal GDP data released earlier this week. However, the overall risk sentiment remains on a strong footing in this trading session, as markets expect a positive outcome from the European finance ministers meeting commencing today.
In the US, following yesterday’s in-line GDP data, market participants are likely to focus today on some tier-1 economic releases, which include personal consumption expenditure and Reuters/Michigan consumer sentiment index.
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