Credit positive. The net income beat will be looked on favourably by Fitch, which moved to positive outlook early in March.
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The trend structure in GBPUSD remains bullish and the latest shallow pullback appears corrective. Moving average studies are in a bull-mode position and this highlights a dominant uptrend. A resumption of gains would pave the way for a climb towards 1.3048, the Nov 6 2024 high. Initial firm support to watch is 1.2869, the 20-day EMA. Clearance of this level would signal scope for a deeper retracement towards the 50-day EMA, at 1.2731.
| Date | UK | Period | Event |
| 26-Mar | 0700 | Feb | Consumer inflation report |
| 26-Mar | - | - | OBR Spring Forecasts |
| 26-Mar | 1230 | - | Chancellor Reeves to deliver Spring Statement |
| 26-Mar | 1300 | - | DMO to announce FY25/26 financing remit (approx time) |
| 26-Mar | 1530 | Q2 | DMO agenda for quarterly consultation |
| 27-Mar | 0830 | - | BOE's Dhingra on inflation targeting in the UK post pandemic period |
| 28-Mar | 0700 | Feb | Retail Sales |
| 28-Mar | 0700 | Q4 | Current account balance / GDP 2nd est |
| 28-Mar | 0700 | Jan | Trade Balance |
| 31-Mar | 0930 | Jan | BOE Lending to Individuals |
| 31-Mar | - | - | DMO Quarterly Investors/GEMM consultation |
| 01-Apr | 0001 | Mar | BRC Monthly Shop Price Index |
| 01-Apr | 0915 | - | BoE's Greene on ‘UK MP/macro conjuncture’ |
| 01-Apr | 0930 | Mar | Final Manufacturing PMI |
| 03-Apr | 0930 | Mar | Decision Maker Panel data |
| 03-Apr | 0930 | Mar | Services / Composite Final PMI |
| 04-Apr | 0730 | Q2 | DMO announce Apr-Jun issuance operations |
| 04-Apr | 0930 | Mar | S&P Global/CIPS Construction PMI |
| Date | Time | Country | Event |
| 26-Mar | 745 | FR | Consumer Sentiment |
| 26-Mar | 800 | ES | GDP (f) |
| 26-Mar | 1800 | EU | ECB's Cipollone in panel on Digital Finance |
| 27-Mar | 900 | EU | M3 |
| 27-Mar | FR | Insee publishes General Govt balance | |
| 27-Mar | 1300 | EU | ECB's De Guindos at 2025 IIF European Summit |
| 27-Mar | 1740 | EU | ECB's Schnabel lecture on MonPol Transmission |
| 27-Mar | 1805 | EU | ECB's Lagarde message for Women in Finance conference |
| 28-Mar | 700 | DE | GFK Consumer Climate |
| 28-Mar | 745 | FR | PPI / Consumer Spending / Flash HICP |
| 28-Mar | 800 | ES | HICP (p) |
| 28-Mar | 830 | EU | ECB de Guindos At Fed. of Female Professionals Conf |
| 28-Mar | 855 | DE | Unemployment |
| 28-Mar | 900 | IT | Business and Consumer confidence |
| 28-Mar | 900 | EU | ECB Consumer Expectations Survey |
| 28-Mar | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 28-Mar | 1100 | IT | PPI |