British Pound (GBP) Latest: GBP/USD Heading Lower, UK Inflation Below Expectations

UK inflation was less than predicted last month, weakening GBP/USD. The Bank of England will likely look through the numbers but Sterling could still fall further. Via DailyFX - Market News https://ift.tt/32vveVH

European Economics Preview: UK Consumer Price Data Due

Consumer and producer prices from the UK and flash Purchasing Managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news.

At 3.00 am ET, the Office for National Statistics releases UK consumer and producer prices for February. Inflation is forecast to rise marginally to 0.8 percent from 0.7 percent in January.

Economists expect UK output prices to climb 0.3 percent annually, reversing a 0.2 percent fall in January. Input price inflation is seen doubling to 2.6 percent from 1.3 percent in the prior month.

At 4.15 am ET, IHS Markit releases France flash composite PMI data for March. Economists forecast the composite output index to rise to 47.2 from 47.0 in February.

At 4.30 am ET, Germany's flash composite PMI survey results are due. The index is seen rising to 51.6 in March from 51.1 a month ago.

Half an hour later, Eurozone flash PMI data is due. Economists expect the index to advance to 49.1 in March from 48.8 in the previous month.

At 5.30 am ET, IHS Markit publishes UK flash composite PMI survey results. At 9.30 am ET, the Czech National Bank announces its interest rate decision. The bank is expected to hold its key rate at 0.25 percent.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2174056/

Bitcoin (BTC/USD) Latest: Buy Your Tesla With Bitcoin Tweets Elon Musk

Tesla CEO Elon Musk has just tweeted that buyers can now use Bitcoin to buy their new Tesla and it looks like he will keep hold of these BTC as well. Via DailyFX - Market News https://ift.tt/32vveVH

EUR/USD Bounce on Firmer PMI Unlikely to be Maintained

Flash PMI’s in the Eurozone have printed better than expectations, providing the Euro a marginal reprieve. Via DailyFX - Market News https://ift.tt/32vveVH

*Malaysia Feb CPI +0.1% On Year Vs. -0.2% In January

Malaysia Feb CPI +0.1% On Year Vs. -0.2% In January

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2174055/

US Dollar (DXY) Price Forecast: Demand for Havens to Fuel USD Rebound

The tightening of coronavirus restrictions in several European nations has notably soured market sentiment in recent days and may open the door for the haven-associated USD to extend its rebound hi... Via DailyFX - Market News https://ift.tt/32vveVH

Gold Prices Buoyed by Falling Yields, Crude oil Plunges on Viral Concerns

Crude oil prices were weighed by a surging US Dollar amid concerns about Europe’s vaccine campaign, while gold prices were underpinned by falling real yields. Fed Chair Powell downplayed inflation ... Via DailyFX - Market News https://ift.tt/32vveVH