Brent crude started at $98.39/bbl before steadily increasing throughout the month, hitting a mid-month peak of $132/bbl, before coming down and easing off at $112.26/bbl.

GBP consistently decreased throughout March, starting at $1.343 against USD, before reaching a low of $1.300 on the 14th, then rebounding slightly before settling at $1.313.

Germany triggered emergency plans to manage gas supplies, a move that could see it ration power, caused by sanctions imposed against Russia for its invasion of Ukraine.