Weekly Trading News: April 13–17, 2026
This week will be “inflation and growth”-focused across major currencies. The US PPI sets the tone for upstream inflation pressure, followed by the UK growth data testing recession fears, and the eurozone CPI may outline the disinflation trend. Markets will likely trade on policy expectations: the Fed’s sensitivity toward inflation persistence, the BoE’s concerns over stagnation, and the ECB’s confidence in the easing trajectory.
USD: PPI (MoM) (Mar)
April 14, 15:30 MT time
After a sharp prior increase (0.7% actual vs 0.3% forecasted), the US PPI is expected to moderate as energy base effects fade and supply chain pressures remain contained. A mild downside vs previous spike is anticipated. This points to a gradual cooling in pipeline inflation rather than a renewed surge.
Markets may interpret a lower print as reinforcing the Fed’s confidence that inflation is trending downward, though not fast enough to accelerate easing. A downside surprise could weaken the USD, while any upside rebound would quickly revive the rate-hike concerns.
Affected instruments: EURUSD, GBPUSD, USDCAD, and other USD-pairs.
GBP: UK GDP (MoM) (Feb)
April 16, 09:00 MT time
The UK economic activity likely shows a modest rebound, supported by resilient services data and slight improvement in consumer spending. However, underlying momentum remains fragile and showed a 0% result last month due to remaining high borrowing costs. The expected uptick is more about stabilization than recovery, suggesting the economy might meet the last forecast of 0.2% growth.
In this case, it will be the proof of a lack of strong growth drivers. On the other hand, this creates a dilemma for the BoE: growth is too weak to ignore, yet not weak enough to justify aggressive easing. The sterling could gain mildly if growth beats expectations, but further upside is capped. The currency requires an approximate 0.3% GDP print for a meaningful bullish momentum.
Affected instruments: GBPUSD, GBPJPY, EURGBP, and other GBP-pairs.
EUR: CPI (YoY) (Mar)
April 16, 12:00 MT time
The eurozone’s inflation is projected to continue its gradual decline, driven by easing energy prices and slowing inflation. Core components are likely to remain sticky but trending lower, reflecting lagged effects of tighter monetary policy.
If it comes out to be ≤ 2.2%, this will reinforce the view of approaching the ECB’s 2% target, which gives the officials more room for rate cuts. Markets will focus on the pace of disinflation rather than the level itself. A softer-than-expected print could pressure the euro, while any upside surprise may delay easing expectations.
Affected instruments: EURUSD, EURGBP, EURJPY, and other EUR-pairs.
