Research Team at Investec, suggests that Mario Draghi is due to appear in front of the European Parliament at 14:00 and will no doubt be questioned on the implications of policy on the European banking sector and thus the real economy. Key Quotes “The US are on holiday today for Presidents’ Day so Draghi’s speech should be the highlight. This week we will get some idea of the internal discussions that took place at the FOMC’s and ECB’s January meeting in the release of the minutes on Wednesday from the Fed and the account from the ECB on Thursday. In the US we get CPI Inflation on Friday. Also, political uncertainty remains in focus following wins of for Donald Trump and Bernie Sanders in the New Hampshire primaries. Next weekend we will see the Nevada caucus for the Democrats and South Carolina primary for the Republicans. In the UK, the key event will be the EU Summit (Thursday and Friday) where EU Council President Donald Tusk (and UK PM David Cameron) will be urging EU leaders to accept the concessions to the UK outlined in his recent letter. An acceptance would be likely to pave the way for the EU referendum to take place on 23 June. Other UK events include CPI Inflation data on Tuesday where we are forecasting a slight pickup in headline inflation, to a still weak +0.3%. Data on the labour market, retail sales and the public finances are also all scheduled.” For more information, read our latest forex news.