Directional impact on forecast:
Bearish for NBP prices
The NBP day-ahead dropped below 36 p/th in late March and is expected to come under further pressure in the coming days.
Demand in the UK is expected to be weakened by milder temperatures before the end of March. Temperatures in much of the country have been around or above average in March so far and are forecast to be above seasonal averages in the coming days. This will limit requirements for heating-related gas consumption and...