Yes, absolutely. Thanks Matt. It's been another volatile week in financial markets with rate hikes from the Fed and the Bank of England. But a more cautious narrative combined with weaker market sentiment related to banking concerns, that ultimately saw lower yield curve and rising rate cut expectations. Next week contains relatively few tier one data prints and even less so from the US. And this likely leave some time for markets to reflect, as you say, on recent macro developments and for central banks to further evaluate their policy stance and/or activism not just to inflation, but also to bank liquidity and the impact on credit creation in the real economy. However, there are a few events that we look out for next week.

Firstly, we focus on the Eurozone as market sensitivity to Eurozone Bank shares. The release of the German IFO survey for March, will give an important update on business sentiment after both the more positive starts of the year and a close for 2022 than expected and significant recent rate hikes potentially an important gauge of sentiment against a tougher credit landscape ahead. On Friday we also get the Eurozone CPI print from March, where headline inflation is expected to slow sharply from 8.5% down to 7.2%, but the core inflation is expected to edge a touch higher. As Eurozone growth slows and headline inflation moderates the higher core inflation print likely continues to cause the ECB a policy headache, especially if bank liquidity concerns remain. We also keep a close eye out for ECB speakers next week in that regard.

Then secondly, in the UK there is also a relative hiatus on the data front. But we start the week with commentary from Bank of England, Governor Bailey. Now, last week, the bank hiked rates by 25 basis points, but the message from the monetary policy reports was far more cautious. The acknowledgement that wages have started to weaken sequentially the downplaying of the recent inflation jump, and most significantly, the fact that the minutes no longer note that inflation risks are significantly skewed to the top side all way on the monetary policy committee reaction function and for us imply that the Bank of England is done. As we outline a little further in this week's blog. Commentary from Katherine Mann, arguably the arch-hawk on the MPC on Wednesday will be interesting in this regard. So much to pay attention to for in the UK.

Then lastly, focus will , undoubtedly be back to the US next week. Fed and increasingly treasury officials and their narrative on bank liquidity and the urgency of requisite measures and all facilities, will continue to dominate the market sentiment. The key market barometers being bank stock indices and US rate curves. A commentary from Fed's Barking and William's will be of note later in the week as will the PCE data on Friday. But in all reality, sentiment is likely to be the dominant force and the continued repricing of the US yield curve. So look out for impromptu comments from Powell and or Yellen as the week gets underway.