FOREX TradingCharts.com

Financial News: European Economics Preview: Bank Of England Set To

European Economics Preview: Bank Of England Set To Hold Rates

08/03/2017 - 02:18:00 (RTTNews)

(RTTNews) - The interest rate announcement and quarterly Inflation Report are due from the Bank of England, headlining a busy day for the European economic news.

At 3.00 am ET, retail sales from Hungary and consumer prices from Turkey are due. Inflation is forecast to ease to 9.9 percent in July from 10.9 percent in June.

At 3.15 am ET, IHS Markit publishes Spain's services PMI data for July. The services PMI is forecast to rise to 58.5 in July from 58.3 in June.

At 3.45 am ET, Italy's services PMI is due. Economists forecast the index to climb to 54.1 in July from 53.6 in June.

Thereafter final PMI reports are due from France and Germany. At 4.00 am ET, Eurozone final composite PMI is due. The reading is forecast to match the flash estimate of 55.8.

At 4.30 am ET, UK CIPS/Markit services PMI is due. Economists expect the index to rise slightly to 53.6 in July from 53.4 in June.

At 7.00 am ET, the Bank of England announces its interest rate decision along with minutes and quarterly Inflation Report.

The bank is widely expected to keep its rate at a record low 0.25 percent and asset purchase plan at GBP 435 billion. The bank is also likely to downgrade its growth forecast.

In the meantime, the Czech National Bank is set to publish the results of its monetary policy meeting. The bank is forecast to hike the rate to 0.25 percent from 0.05 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


India's Trade Deficit Likely To Remain Under Control: Capital Economics (01 hr(s), 43 min(s), 42 sec(s) ago)
(RTTNews) - The narrowing in India's trade deficit in July and a number of factors should ensu ...Full Story»

Poland's Industrial Output Falls More Than Forecast (02 hr(s), 06 min(s), 42 sec(s) ago)
(RTTNews) - Poland's industrial production declined more than expected in July on sharp reduct ...Full Story»

Eurozone Industrial Production Yet To Show Improved Trend: ING (02 hr(s), 08 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone industry is undergoing a cautious recovery and an actual improvement in the c ...Full Story»

India's Accelerating Inflation Leaves Little Room For Further Loosening (02 hr(s), 47 min(s), 42 sec(s) ago)
(RTTNews) - The Reserve Bank of India is unlikely to follow up with further policy loosening in th ...Full Story»

Portugal PPI Inflation Slows Further (03 hr(s), 52 min(s), 42 sec(s) ago)
(RTTNews) - Portugal's producer price inflation eased for the fourth consecutive month in July ...Full Story»

Italy Current Account Surplus Grows In June (04 hr(s), 05 min(s), 42 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in June from a year ago, data from the B ...Full Story»

S&P Maintains S. Korea's Sovereign Ratings (04 hr(s), 39 min(s), 42 sec(s) ago)
(RTTNews) - Standard & Poor's on Friday maintained the sovereign ratings of South Korea at ...Full Story»

Eurozone Construction Output Falls For Second Month (05 hr(s), 08 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone construction output decreased for the second straight month in June, Eurostat ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

India's Trade Deficit Likely To Remain Under Control: Capital Economics

08/18/2017 - 08:41 AM (RTTNews)
(RTTNews) - The narrowing in India's trade deficit in July and a number of factors should ensu ...Full Story>>

Poland's Industrial Output Falls More Than Forecast

08/18/2017 - 08:18 AM (RTTNews)
(RTTNews) - Poland's industrial production declined more than expected in July on sharp reduct ...Full Story>>

Eurozone Industrial Production Yet To Show Improved Trend: ING

08/18/2017 - 08:16 AM (RTTNews)
(RTTNews) - Eurozone industry is undergoing a cautious recovery and an actual improvement in the c ...Full Story>>

India's Accelerating Inflation Leaves Little Room For Further Loosening

08/18/2017 - 07:37 AM (RTTNews)
(RTTNews) - The Reserve Bank of India is unlikely to follow up with further policy loosening in th ...Full Story>>

Portugal PPI Inflation Slows Further

08/18/2017 - 06:32 AM (RTTNews)
(RTTNews) - Portugal's producer price inflation eased for the fourth consecutive month in July ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.