BoE DMP (Feb): 1yr ahead CPI expectation 3.00% (prev. 3.10%), 3yr ahead CPI expectation 2.8% (prev. 2.9%)
The BoE's latest DMP shows a slight decline in one-year ahead CPI expectations to 3.00% and a drop in the three-year outlook to 2.8%.
BofA card spending, week to Feb 28th: +1.8% (prev. 4.4% W/W), slowdown driven by the Northeast is which spending fell sharply due to the second snowstorm
Russian Foreign Minister Lavrov says they are ready for further Ukraine talks, but have not yet seen the Western security guarantees and as such cannot approve them
BoE DMP (Feb): 1yr ahead CPI expectation 3.00% (prev. 3.10%), 3yr ahead CPI expectation 2.8% (prev. 2.9%)
UK S&P Global Construction PMI (Feb) 44.5 vs. Exp. 47 (Prev. 46.4)
Michael Ashley discloses a 5.77% stake in Puma (PUM GY), according to filing
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This moderation in inflation expectations may suggest easing inflationary pressures, potentially impacting the Bank of England's policy stance and rate path in future meetings. Traders should consider how this data could influence GBP and fixed-income markets as it aligns with a broader trend of reduced inflation concerns.
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