Market movers today
The key release today will be the UK inflation figures for February, where we are likely to see the first rise beyond the Bank of England's inflation target of 2%. Despite increasing inflation, we stick to our long-held view that the Bank of England will remain on hold for a long time, as it puts more weight on growth and labour market data than inflation. See also Bank of England Review: Maintains neutral stance with hawkish twist , 16 March.
Fed members Loretta Mester and Esther George (both non-voters, hawkish) are due to speak later today. The speeches will be studied closely by markets for any hints on the timing of future rate hikes.
In the Scandies, Danish employment figures are due out.
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