Thursday, UK's Office for National Statistics is set to release the retail sales data for February at 5.30am ET.

On a monthly basis, retail sales are forecast to decline 0.4% in February, after rising 0.7% in January. Year-on-year, retail sales growth is seen at 2.5% in February, down from 3.6% increase in the previous month.

The ONS is also scheduled to issue total business investment for the fourth quarter. Business investment is predicted to drop 3.9% from the previous quarter.

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