| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | Germany | Trade Balance (s.a.), bln | September | 22.5 | 20.9 | 17.0 |
| 07:00 | Germany | Industrial Production s.a. (MoM) | September | 2.6% | -1% | -2.5% |
| 10:00 | Eurozone | Retail Sales (MoM) | September | 1.1% | 0.5% | 0.5% |
| 10:00 | Eurozone | Retail Sales (YoY) | September | 2.4% | 1.3% | 2.9% |
GBP depreciated against most of the other major currencies in the European session on Thursday as investors braced for the announcement of the rate decision by the Bank of England.
Expectations are for the British central bank to deliver a 25-basis-point interest rate decrease when it announces the outcomes of its latest policy meeting at 12:00 GMT.
Investors will scrutinise the BoE’s policy statements and its chief Andrew Bailey’s post-meeting comments for hints about the pace of future rate cuts.
Bailey signalled that quicker rate decreases are possibile if inflation moves in favourable direction. However, given the uncertainty that raised after the U.S. elections, the BoE’s representatives might indicate a gradual pace of easing policy following today’s meeting.