The Bank of England's interest rate announcement along with the minutes of the monetary policy meeting and quarterly Inflation Report are due on Thursday, headlining a busy day for the European economic news.
The BoE is expected to maintain its monetary policy amid fears of a no-deal Brexit. Economists forecast the bank to retain its key interest rate at 0.75 percent and quantitative easing at GBP 435 billion. The decision is due at 7.00 am ET.
At 3.00 am ET, foreign trade data from Hungary and Purchasing Managers' survey data from Norway, Turkey and Poland are due.
At 3.15 am ET, IHS Markit releases Spain's manufacturing PMI data. Economists forecast the indicator to rise marginally to 48.0 in July from 47.9 in June.
At 3.45 am ET, factory PMI data is due from Italy. Economists forecast the index to drop to 48.0 in July from 48.4 in June.
At 3.50 am ET, France's final manufacturing PMI data is due. The index is expected to match the flash score of 50.0 in July.
At 3.55 am ET, IHS Markit publishes Germany's factory PMI data. The flash reading for July was 43.1.
At 4.00 am ET, the euro area manufacturing PMI data is due. The final reading is seen at 46.4 in July, unchanged from flash estimate.
At 4.30 am ET, UK Markit/CIPS factory PMI data is due. Economists forecast the index to drop to 47.6 in July from 48.0 in June.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2140823/
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