The Euro will be in focus once again this afternoon, as the ECB are scheduled to release the Eurozone interest rate decision at 1245GMT. Whilst analyst consensus is that rates will remain on hold, traders will be looking towards the comments from Jean Claude Trichet about the parlous state of the Greek economy, and how it may be affecting the so-called PIGS - Portugal, Ireland, Greece and Spain.

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Market News

  • Eurozone GDP rose by 0.1% in Q4 2009, in line with expectations
  • In the UK, house prices fell by 1.5% in February according to Halifax
  • Analysts generally anticipate that UK Interest Rates will be left unchanged at 0.5%
  • The Australian trade deficit narrowed to -AUD$1.2bn in overnight data
  • Please note that non farm payroll figures are scheduled for release tomorrow

Major Economic News

TIME

MARKET DATA

1200 and 1245 respectively

UK and ECB INTEREST RATE DECISIONS