| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | PSNB, bln | January | -15.4 | 3.5 | 2.9 |
| 09:00 | Germany | IFO - Current Assessment | February | 96.2 | 96.6 | 98.6 |
| 09:00 | Germany | IFO - Expectations | February | 95.8 | 96.1 | 99.2 |
| 09:00 | Germany | IFO - Business Climate | February | 96 | 96.5 | 98.9 |
| 10:45 | United Kingdom | MPC Member Ramsden Speaks | | | | |
| 11:00 | United Kingdom | CBI industrial order books balance | February | 24 | 25 | 20 |
USD traded mixed against other major currencies in the European session on Friday, as aggravating Russia-Ukraine tensions remained in focus.
On Monday, Russia's president Vladimir Putin declared two territories in eastern Ukraine, controlled by Moscow-backed separatists, as the independent and ordered deployment of Russian troops into those regions for “peacekeeping” purposes. This move was viewed by markets as a preclusion of negotiations on a quick peaceful settlement in the dispute with Ukraine and the West and raised expectations of a full-scale invasion of Ukraine by Russia. The U.S., UK, and the EU threatened to impose new sanctions in response to Putin’s decision.
Meanwhile, the Federal Reserve’s policymakers continued to prepare markets for interest rate increases. The Fed’s governor Michelle Bowman stated yesterday that in her view it's “more than time” for the Fed to begin normalizing its policy. The official also said that she would be closely watching the data in the coming weeks to judge the appropriate size of a rate hike at the March meeting of the U.S. central bank.