Sterling was suffering more than most yesterday, not impressed with weekend political developments, with the ever-present ‘Brexit‘ cloud also hanging over it. Given these themes, the inflation data (released 09:30 GMT) will likely be of secondary interest, unless we see a major outlier from the expected small nudge higher in the YoY rate from 0.3% to 0.4%. The interest rate market remains more inclined towards a cut rather than hike in rates at the present moment in time, although with risk only priced around 10% towards the end of the year. We also see government borrowing figures published at the same time, which will perhaps be of greater interest given the ongoing discussions and changes being seen in the wake of last week’s budget. After a two day turn-around, the dollar is weaker overnight even after comments from two Fed officials (Williams and Lockhart) suggesting that the next move could come as early as April. But both these are non-voting member this year, so the market took their comments with a degree of scepticism. Elsewhere, the single currency will be watching the latest PMI data early on, with provisional data for April released. In overnight trading, then yen has been the standout, weakening further against the dollar and pulling USDJPY away from the 110.67 low of late last week. With the week shortened by the Easter holiday on Friday (in some countries), trading is likely to remain on the choppy side as market liquidity falls below normal levels. Further reading: UK inflation stays at 0.3% – GBP/USD falls IFO Business Climate beats with 106.7 – small relief for EUR/USD after the Brussels bombs FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next Elliott Wave Analysis for S&P500 and Crude OIL Gregor Horvat 6 years Sterling was suffering more than most yesterday, not impressed with weekend political developments, with the ever-present 'Brexit' cloud also hanging over it. Given these themes, the inflation data (released 09:30 GMT) will likely be of secondary interest, unless we see a major outlier from the expected small nudge higher in the YoY rate from 0.3% to 0.4%. The interest rate market remains more inclined towards a cut rather than hike in rates at the present moment in time, although with risk only priced around 10% towards the end of the year. We also see government borrowing figures published at the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.