Economic sentiment data at 10am GMT also gives us the latest inflation expectations
Economic sentiment in the Eurozone is at the highest for some years and that sentiment is partly behind the improvement that the ECB have mentioned recently
It's expected to come in unchanged at 106.1 with some minor improvements in some of the sub indexes
At the same time we also get the final consumer confidence numbers. The important part of this is the inflation expectation numbers. Last month inflation expectations rose to 3.7 while selling prices were -0.7. If the ECB has left its mark via their last meeting then we could see those expectations rising. If they fall then that's going to raise the dovish chatter
At the moment, money markets are pricing in a 50% chance of the ECB cutting the deposit rate by 10bp at it's March meeting, report Reuters
Like most currencies at the moment, the euro doesn't seem to be trading anything other than problems elsewhere so there's a chance it ignores the data, unless there's a big variation. Still, it's worth noting the numbers to get an idea of which way the ECB might sway going forward
