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This is LCG’s look ahead to the key events in markets for the week starting March 13th, 2017.
It’s a week full of central bank action – but attention is likely to be focused on the Federal Reserve and its interest rate decision on Wednesday. It’s a borderline guarantee that Janet Yellen and co will hike rates, and the US dollar has rallied accordingly. The dollar has been strong, but watch out for the Fed’s typically cautious wording causing some profit-taking.
The importance of the Bank of England meeting next week Thursday will be coloured by whether Theresa May opts to trigger Article 50. Depending on how fiercely the House of Lords fights for its amendments to the Brexit bill, the announcement could come as early as Tuesday.
Also up are UK unemployment figures, the Bank of Japan rate decision and any further reaction to last week’s ECB meeting, in which ECB President Mario Draghi signalled that monetary stimulus probably won’t be expanded.