A busy night for markets with plenty of data set for release, while central bankers from the UK and US are set to deliver addresses. We should also be mindful of the terror attack that has occurred in the UK in the early hours of the morning.

The most important figure to come out for the night is the UK Retail Sales data. The retail sector is a vital part of the UK economy and as such, it is important that the sector remains strong, particularly since the UK is preparing to start Brexit negotiations on 29th March. Retail Sales generally reflects the spending habits of consumers’ disposable income. It is crucial for the economy that economic figures, at the very least, remain stable during time of uncertainty surrounding Brexit and the UK economy. The UK is also releasing CBI Realised Sales figures. Meanwhile MPC Member, Ben Broadbent, is due to speak.

It is of importance to take note of the terror attack that took place in London this morning. Events such as these can make markets nervous as the shock of the event causes ‘jitters’ and instability, even if it’s only for the very short term. It is also a time where political figures can come to the fore and show their leadership skills. This can bring reassurance to the population, and as an extension, markets. While it is not guaranteed that this event will cause market instability, the possibility exists and should at least be noted.

Elsewhere around the world, Europe is publishing GfK German Consumer Climate, Consumer Climate, ECB Economic Bulletin, Belgian NBB Business Climate and Long Term Refinancing Options. Finally, the US is reporting its Unemployment Claims, New Home Sales and Natural Gas Storage figures. Fed Reserve Chair, Janet Yellen, as well as Fed Reserve members Robert Kaplan & Neel Kashkari, are due to speak.