According to Jinshi, the UK February labor market data on Tuesday will affect buyer demand for the pound. Weak labor market and slowing wage growth may increase expectations for a Bank of England rate cut. UK March inflation data also needs to be released on Wednesday, and lower-than-expected inflation will further affect investors' bets on a Bank of England rate cut.

On Friday, the UK retail sales data for March will be worth investors' attention. The upward trend in consumer spending could drive demand-driven inflation and influence the timing of the Bank of England's interest rate cuts. In addition to this data, investors should also consider the speeches of Bank of England officials.