China New Loans below forecasts (979B) in February: Actual (900B)

China M2 Money Supply (YoY) above forecasts (8.8%) in February: Actual (9%)

United Kingdom Consumer Inflation Expectations: 3.2% vs previous 3.5%

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar is supported as markets focus on risks to shipping through the Strait of Hormuz and higher Oil prices. With Brent above $100 and stagflation concerns weighing on bonds and stocks, USD is near cyclical highs.

ING’s Chris Turner notes EUR/USD has slipped below 1.1500 as higher Dollar-denominated energy costs hurt most European corporates.

Italy Industrial Output w.d.a (YoY) came in at -0.6% below forecasts (0.8%) in January

Italy Industrial Output s.a. (MoM) below forecasts (0.3%) in January: Actual (-0.6%)

MUFG’s Head of Research Derek Halpenny argues the Australian Dollar has benefited from expectations of further RBA tightening and a positive terms-of-trade impulse from higher energy prices.

Standard Chartered’s Anubhuti Sahay and Saurav Anand assess India’s macro outlook as Middle East tensions raise risks for Oil and global rates.

Commerzbank’s FX & Commodity Analyst Volkmar Baur highlights that new US Section 301 investigations are designed to replace recently invalidated Section 122 tariffs and avoid their July expiry.

Polkadot (DOT) is trading at $1.52 at the time of writing on Friday, nearing a key resistance zone, where a breakout could trigger a rally. Fresh institutional interest is emerging following the first recorded inflow into the 21Shares spot DOT Exchange Traded Funds (ETFs).

Danske Bank’s Danske Research Team notes that Oil remains supported near USD 100 as Middle East tensions and disruptions around the Strait of Hormuz weigh on supply and sentiment.

Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.5%) in February

Spain Consumer Price Index (MoM) in line with forecasts (0.4%) in February

Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.4%) in February

Spain Consumer Price Index (YoY) meets forecasts (2.3%) in February

West Texas Intermediate (WTI) oil price remains steady after experiencing volatility, hovering near $95.60 per barrel during the European hours on Friday.

BNP Paribas notes that earlier disinflation allowed the European Central Bank to cut rates and support a growth rebound in 2025, but the Iran conflict could reverse this. Under moderate scenarios, the ECB may stay cautious without hiking.

France Inflation ex-tobacco (MoM): 0.6% (February) vs -0.4%

France Consumer Price Index (EU norm) (YoY) meets expectations (1.1%) in February

France Consumer Price Index (EU norm) (MoM) registered at 0.7% above expectations (0.4%) in February

Deutsche Bank’s Chief UK Economist Sanjay Raja notes that January 2026 UK GDP showed no growth, disappointing expectations for a strong rebound after late-2025 weakness.

The USD/CAD pair gains some follow-through positive traction for the third straight day and touches a fresh weekly top, above mid-1.3600s during the early European session on Friday.

National Bank of Canada’s (NBC) Jocelyn Paquet argues that despite the Middle East conflict and higher Oil prices, the U.S. economy should maintain solid growth, with GDP seen at 2.5% in 2026 and 2.1% in 2027.

Here is what you need to know on Friday, March 13:

The EUR/GBP cross holds positive ground near 0.8630 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK economic data. The Eurozone Industrial Production report for January will be published later on Friday. 

The GBP/USD pair turns lower for the fourth straight day following an intraday uptick to the 1.3370 area on Friday.