Quarterly national accounts and foreign trade reports are due from the UK on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases quarterly and monthly UK GDP estimates and foreign trade data. The economy is forecast to grow 15.8 percent sequentially in the third quarter after falling 19.8 percent in the second quarter.
UK industrial production is forecast to climb 0.8 percent in September. The trade deficit is seen at GBP 9.5 billion compared to a shortfall of GBP 9.01 billion in August.
In the meantime, Destatis releases Germany’s final consumer prices and wholesale for October. According to preliminary estimate, consumer prices fell 0.2 percent on year, the same rate of decrease as seen in September.
Also, Statistics Norway issues quarterly GDP data for the third quarter.
At 3.00 am ET, Bank of England Governor Andrew Bailey is set to speak at the Financial Times Global Conference.
In the meantime, industrial production data from Hungary and consumer prices from Slovakia are due.
Half an hour later, Statistics Sweden publishes consumer prices for October. Economists forecast inflation to remain at 0.4 percent.
At 4.00 am ET, the European Central Bank is set to release economic bulletin.
At 5.00 am ET, Eurostat is set to issue euro area industrial production for September. Economists forecast output to grow at a steady pace of 0.7 percent.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.