According to Jinshi, Matthew Ryan, head of market strategy at Ebury, said that the movement of the euro and the pound may be largely driven by the US inflation report on Wednesday. In addition, the ECB's decision on Thursday and the UK's February GDP data released on Friday may trigger a new round of volatility. He pointed out that these GDP data "may be important for the pound" because they may further ease people's concerns about the continuation of last year's technical recession. As for the ECB, the market has almost fully digested the expectation of a 25 basis point interest rate cut by the ECB in June, and investors will hope that the ECB's policy plans thereafter will be clearer.
