Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 19th of February. Here is what to look out for today.

Sentiment
The New Zealand dollar rose after RBNZ Governor Adrian Orr signaled 25bps interest-rate cuts in April and May, after reducing the benchmark rate by 50 basis points on Wednesday. Sterling traded in a narrow range against the greenback ahead of UK inflation data. President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2. Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he’ll probably meet Vladimir Putin to discuss a settlement before the end of February.

Docket
02:00 ET
UK CPI
YoY – Median Forecast: 2.8% | Prior: 2.5% | Range: 2.9% / 2.5%
MoM – Median Forecast: -0.3% | Prior: 0.3% | Range: -0.1% / -0.5%
Core YoY – Median Forecast: 3.7% | Prior: 3.2% | Range: 3.8% / 3.4%
Core MoM  – Prior: 0.3%

UK PPI
Input YoY – Median Forecast: -0.6% | Prior: -1.5% | Range: -0.4% / -1%
Input MoM – Median Forecast: 0.7% | Prior: 0.1% | Range: 1.2% / 0.2%
Output YoY – Median Forecast: 0.1% | Prior: 0.1% | Range: 0.5% / 0%
Output MoM – Median Forecast: 0.2% | Prior: 0.1% | Range: 0.6% / 0%

UK RPI MoM
Median Forecast: 0% | Prior: 0.3% | Range: 0.4% / -0.3%

05:00 ET
UK to Sell £4.25 Billion of 4.375% 2028 Gilts at Auction

05:30 ET
Germany to Sell €4.5 Billion of 2.5% 2035 Bunds at Auction