From UK, on Thursday, Trade Balance data and BoE interest rate decision was released. Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.9 billion in February 2015, compared with £1.5 billion in January 2015. This reflects a deficit of £10.3 billion on goods, partially offset by an estimated surplus of £7.5 billion on services. Analysts were expecting deficit of £9.7 billion.

As it was largely expected BoE left its interest rates unchanged.The Bank of England’s Monetary Policy Committee at its latest meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.The minutes of the meeting will be published at 9.30 a.m. on Wednesday 22 April.

From the UK Industrial and Manufacturing Production figures were released on Friday. Total production output in the U.K. is estimated to have increased by 0.1% in February 2015 compared with February 2014. There were increases in 2 of the 4 main sectors, with manufacturing output being the largest contributor, increasing by 1.1%.There were increases in 9 of the 13 manufacturing sub-sectors compared with a year ago and the largest contributor was the manufacture of transport equipment, increasing by 6.1%.

Total production output increased by 0.1% in February 2015 compared with January 2015. Analysts were predicting 0.3% increase. There were increases in 3 of the 4 main sectors, with manufacturing being the largest contributor, increasing by 0.4%, in line with market expectations. The main components contributing to the month-on-month increase in manufacturing were the manufacture of transport equipment, the manufacture of machinery & equipment not elsewhere classified and the manufacture of basic metals & metal products.

This week markets will be looking at:

CPI/PPI Input (Tuesday 10:30)

Average Earnings Index/Claimant Count Change/Unemployment Rate (Friday 10:30)