| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Eurozone | Current account, adjusted, bln | July | 51.0 | 40.3 | 39.6 |
GBP strengthened against most of its major rivals in the European session on Thursday as investors awaited the announcement of the Bank of England’s latest decision on interest rates later in the day.
No change in rates is anticipated when the BoE announces the conclusions of its September meeting at 11:00 GMT, as yesterday’s release of the UK August consumer prices, which revealed that headline inflation held steady last month, as well as an outsized interest rate reduction by the U.S. Federal Reserve, are not seen enough to convince the BoE’s policymakers to lower rate again today after the August 25-basis-point cut.
Markets will scrutinize the British central bank’s policy statements and the comments of its chief on clues on whether their bets on another rate decrease at the BoE’s November meeting is reasonable.