Check out the news of the past 24 hours

 1️⃣ BoE maintained optimism, not afraid of inflation

In an interview with the BBC, the Governor of the Bank of England - Andrew Bailey - has the following notable points:

- The impact of the blockade is less than a year ago;

We now have a greater balance of risk;

The UK economy is expected to return to pre-pandemic scale by the end of this year;

- The accumulation of savings is an increased risk;

- He predicts that inflation will rise to 2% in the next few months, and see no possibility of inflation to 4% or 5%;

- We have no shortage of policy tools to use when needed;

- BoE may introduce new policy tools next time;

- BoE is asking banks to get ready for a negative interest rate policy; However, there is currently no view on whether the BoE will adopt this policy or not;

- An increase in market yields consistent with a change in economic outlook;

These are not new things that we have never heard of from BoE, however, it is worth noting that he has not shown resistance to the recent developments in the bond market and emphasizes on the eccentricity. economy. This could be a positive thing.

2️⃣ Brexit is over, the consequences are beginning to be revealed

While Brexit is considered in the past, there are still complications to be solved, not only in terms of legislation but also in terms of enforcement.

- Irish National Television (TRE) said bilateral tensions have continued during the new year as the EU is seeking legal action against the UK on the grounds that the EU has violated the included terms. out of Brexit withdrawal agreement.

- Specifically, the EU will take legal action against the UK over the unilateral move to change the provisions of the Northern Ireland Protocol today, TRE said.

This is not an issue that is so important to market sentiment but pay attention if it can escalate into larger conflicts.

3️⃣ Notable facts and economic data today

At 8:30 today, the Reserve Bank of Australia released the minutes of its March monetary policy meeting.

- At 20:30 the US will announce the monthly retail sales ratio for February. The market expects that the data will write -0.5%, up from the 5.3% increase for the month before. If data performance is bad at the time, investors need to be on the lookout for market shocks.

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