The big question is whether it’s worth setting up a trade around the pound against the dollar or euro. Having seen the ECB nail its colours to the mast with its rate decision, there may be more stability for GBP/EUR leading up to the event, but GBP/USD is often a more exciting trade prospect. However, on Tuesday there’s US retail sales which may give a steer to that trade and take out some key levels. IGTV’s Jeremy Naylor considers the options.

(AI Video Summary)

The RICS March report

The RICS March report indicates a fast-improving housing market, positively impacting UK major house builders like Persimmon, Taylor Wimpey, and Barrett Developments, with significant stock gains early in the trading session. An 8% increase in new buyer inquiries was noted, suggesting a springtime boost for both buyers and sellers.

The FTSE indices

Despite recent pullbacks due to outlook concerns, the optimistic RICS findings are fueling market gains, contributing to the upward momentum of the FTSE indices.