Plenty of information for markets to digest today, with the UK releasing the most important figures.

Later tonight, the UK is publishing a host of data which will be of interest to markets, particularly since they have now set a date (29 March) for the beginning of Brexit negotiations. Among the data set for publication is: CPI, PPI Input, Public Sector Net Borrowing, RPI, Core CPI, HPI, PPI Output and CBI Industrial Order Expectations. The most important information set for release is the CPI. CPI is the change in price of goods and services purchased by consumers. CPI is the main contributor to inflation in the economy and reflects consumer demand for products and services. Since the UK voted to leave the EU, the devaluation of the pound as also added to a lift in inflation. As the UK prepares to leave the EU, it is important that the Bank of England and the UK Government implement monetary and fiscal policies that keep inflation under control. If inflation spikes too quickly and too soon, the central bank may be forced into more aggressive monetary policy tightening, thus risking a stalling of the economy, or even worse, a possible recession. Bank of England Governor, Mark Carney, is also set to speak.

Also of importance today is the ECOFIN Meetings. This is a meeting of Finance Ministers from the EU member states. With the G20 meetings being held over the previous weekend, this will be another crucial gathering of economic decision makers. The G20 meeting raised eyebrows due to their lack of commitment to free trade as well as backing away from tough climate change talk. It will be intriguing to see what tone these meetings take.

Elsewhere around the world, Australia is releasing its Monetary Policy Meeting Minutes from its previous meeting and also its HPI. Switzerland are reporting its Trade Balance and SECO Economic Forecasts, Canada is publishing Core Retail Sales, Retail Sales and Current Account data and China its CB Leading Index. Finally, FOMC Member William Dudley speaks.