Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Westpac leading index grew by 0.1 percent in March. New motor vehicle sales grew by 1.9 percent in March, down 3 percent from a year ago.
Upcoming:
- Italy: February trade balance report will be released at 8:00 GMT.
- Eurozone: February trade balance report will be released at 9:00 GMT. Consumer price inflation report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release the beige book at 18:00 GMT.
- New Zealand: first quarter CPI inflation report will be released at 22:45 GMT.
- Japan: Trade balance for March will be released at 23:50 GMT.
