UK CPI MARCH PREVIEW: INFLATION PRESSURES TO DISSIPATE FURTHER, ADDING TO BETS OF BOE RATE CUTS

• The March UK CPI report will be released by the Office for National Statistics on Wednesday.
• United Kingdom’s headline and core annual inflation are set to ease in March.
• The UK CPI report could hint at the BoE’s interest rate cut, rocking the Pound Sterling.

The highly-anticipated United Kingdom’s (UK) Consumer Price Index (CPI) data will be published by the Office for National Statistics (ONS) at 06:00 GMT on Wednesday.

Pound Sterling could witness a big reaction to the UK CPI inflation report, as the data could prompt the Bank of England (BoE) to signal an interest rate cut earlier than the market expectations