• The UK budget this Wednesday on March 18th at 12:30 will carry extra importance before highly uncertain elections in May, potentially kick-starting a greater market focus on election outcomes and political risk. With the election result too close to call, UK Chancellor George Osborne could surprise the public with new measures. 
  
  
• Britain will also release important wage growth data on Wednesday at 09:30 whilst Bank of England meeting minutes will also be published at the same time, giving traders insight into the inflation debate. 
  
  
• Election uncertainty, as well as concerns the BOE will delay raising interest rates because of falling inflation, were partly behind the pound's sharp slide to June 2010 lows against the US dollar. GBP/USD has fallen almost 7 cents this month before Wednesday night's US interest rate decision.