Switzerland: Feb, Trade Balance CHF2.62B vs 2.59B

Germany: Feb, PPI +0.0%m/m -0.9% y/y

UK: CBI Industrial Order Expectations +6 c +3

SNB retains its minimum exchange rate of CHF 1.20 per euro.

GBP/USD goes below 1.6500

USA: Existing Home Sales -0,4% to 4.60M

USA: Philly Fed Manufacturing Index 9.0 vs -6.3

Lautenschlaeger, ECB: Key ECB Rates to Stay Low or Lower for Extended Period

Lautenschlaeger, ECB: Will raise interest rates when necessary conditions exist

Lautenschlaeger, ECB: Depends on economic development, inflation, many other things

BOE’s Weale says expects interest rates to stay low over next 2-3 years, can’t guarantee it

BOE’s Weale sees spare capacity in UK at 0.9% vs BOE’s 1-1.5% estimate

BOE’s Weale: Unemployment can fall some way without stoking inflation