The interest rate announcement from the Bank of England and foreign trade data from Germany are due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is slated to publish Germany’s foreign trade data. The trade surplus is expected to fall to EUR 20.5 billion in May from EUR 21.8 billion in April.
In the meantime, Sweden’s AMV jobless data for June is due. The jobless rate was at 3.7 percent in May.
At 3.00 am ET, the Czech Statistical Office is scheduled to release consumer prices for June. Inflation is seen at 0.9 percent in June, up from 0.7 percent in May. Also, Hungary’s trade data for May is due. The trade surplus totaled EUR 497 million in April.
Half an hour later, Dutch consumer price data is due for June. Inflation stood at 1.1 percent in May.
At 6.00 am ET, Ireland’s consumer price data is due. Consumer prices were down 0.3 percent year-on-year in May.
At 7.00 am ET, the Bank of England is set to announce the outcome of its monetary policy committee meeting. The MPC is expected to retain the record low 0.50 percent interest rate and asset purchase programme at GBP 375 billion.
The material has been provided by InstaForex Company – www.instaforex.com