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European Central Bank President Christine Lagarde is expected to step down from her role before her eight-year term ends in October 2027, the Financial Times reported. Lagarde wants to leave before the French presidential election in April next year, which would allow French President Emmanuel Macron and German Chancellor Friedrich Merz to find her replacement together, the report said, citing an unidentified person familiar with her thoughts on the matter. It isn’t clear yet when she may exit, the report said. UK inflation dropped to its lowest level since March 2025, bolstering the case for an interest rate cut when the Bank of England meets next month. Consumer prices rose 3% in January from a year earlier, down from 3.4% the previous month when volatile components temporarily boosted inflation, the Office for National Statistics said Wednesday. It was in line with economists’ expectations, and slightly above the 2.9% forecast by the BOE. Chapters: 00:00:00 - The Opening Trade - 2/18/2026 00:01:05 - UK Inflation Data 00:03:03 - FT: Lagarde To Leave ECB Early 00:05:21 - Anthropic New AI Model 00:07:42 - BAE Systems 00:08:45 - Glencore 00:10:47 - Daybook 00:11:56 - Need to Know: Japan-US Deal / Reform UK / Nuclear Talks 00:15:58 - UK Inflation Data Bolsters Case for BOE Rate Cut 00:25:17 - Lagarde To Leave ECB Before End of 8 Year Term: Financial Times 00:36:48 - MLIV 00:40:16 - Stocks To Watch 00:47:00 - The Market Open 00:49:36 - Glencore FY Revenue Beats Estimates 00:56:46 - Core 6 01:00:33 - Glencore Profit Slides Amid Coal Slump 01:05:25 - ECB: Lagarde Is Totally Focused on Her Mission 01:14:18 - Mistral AI CEO 01:19:53 - AI and the Gaming Industry 01:27:28 - Buffet Cuts Amazon Stake 01:30:05 - Barr: AI Boom Not Sensitive to Monetary Policy -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: / bloombergtv Facebook: / bloombergtelevision Instagram: / bloombergtv Connect with Bloomberg Business on: X: / business Facebook: / bloombergbusiness Instagram: / bloombergbusiness TikTok: https://www.tiktok.com/@bloombergbusi... Reddit: / bloomberg LinkedIn: / bloomberg-news More from Bloomberg: Bloomberg Radio: / bloombergradio Bloomberg Surveillance: / bsurveillance Bloomberg Politics: / bpolitics Bloomberg Originals: / bbgoriginals Watch more on YouTube: Bloomberg Technology: / @bloombergtechnology Bloomberg Originals: / @business Bloomberg Quicktake: / @bloombergquicktake Bloomberg Espanol: / @bloomberg_espanol Bloomberg Podcasts: / @bloombergpodcasts