| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | Industrial Production s.a. (MoM) | August | -2.9% | 0.8% | 2.9% |
GBP traded mixed and flat in the European session on Tuesday as investors continued to weigh the further rate actions by the Bank of England.
The pound came under pressure last week after the BoE’s governor Andrew Bailey said in an interview that the central bank could become a “bit more aggressive” in decreasing its Bank Rate if inflation continues to ease.
Investors’ focus gradually shifts to upcoming UK economic releases, which could offer clues on the BoE’s rate path. Later this week, they will receive data on Britain's GDP growth and industrial production for August. However, the crucial reports are set to be published next week, including the UK August labour market statistics on Tuesday and the September reports on CPI and PPI on Wednesday.