At 08:00 (GMT+2), the UK will publish March data on the Consumer Price Index — a key indicator of inflation that determines changes in retail prices for a certain basket of goods and services (food, transportation, utilities, healthcare, etc.). If it declines from 3.0% YoY and 0.4% MoM, and the underlying (core) indicator falls from 3.2% and 0.6%, respectively, this would likely exert a meaningful influence on the Bank of England’s monetary policy stance.
