| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Germany | IFO - Current Assessment | September | 86.5 | 86.1 | 84.4 |
| 08:00 | Germany | IFO - Expectations | September | 86.8 | 86.3 | 86.3 |
| 08:00 | Germany | IFO - Business Climate | September | 86.6 | 86 | 85.4 |
GBP traded mixed versus other major currencies in the European session on Tuesday as investors weighed the latest statements by the Bank of England’s governor Andrew Bailey, backing a gradual easing of monetary policy.
The pound rose versus JPY, USD and CHF, fell versus SEK, and was little changed versus EUR, AUD and CAD.
In an interview with the KentOnline, the BoE’s chief Bailey said he would not expect the interest rates to go back to the very low near zero levels. He, however, noted that only “very big shocks” should happen to prompt the UK central bank to return its interest rates to historic lows seen in recent years. Bailey also added that given encouraging inflation trends, he believes “the path for interest rates will be downwards, gradually.”