| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | Industrial Production s.a. (MoM) | March | -1.3% | 0.8% | 3.0% |
| 06:00 | Germany | Trade Balance (s.a.), bln | March | 18 | 19 | 21.1 |
GBP appreciated against most of its major rivals in the European session on Thursday as investors awaited the announcement of the interest rate decision by the Bank of England at 11:00 GMT and the unveiling of the U.S.-UK trade deal by President Donald Trump at 14:00 GMT.
Expectations are for the British central bank to cut its benchmark rate by 25 basis points at today’s meeting.
Markets will scrutinise the BoE’s policy statement and the remarks of its governor for hints on its plans on the path of monetary easing. Attention will also be paid to the updated projections for the UK economic growth and inflation, given U.S. President Donald Trump’s tariff strategy.
U.S. President Trump stated in a social media post that he will hold a press conference today at 10:00 EDT (14:00 GMT) to announce "the first of many" trade deals. Meanwhile, media reports indicate that this deal will be with the UK. According to sources, cited by media, the deal is likely to lower tariffs on cars and steel and touch on tech and digital trade, but it will also include notable exceptions and, probably, fall short of a full-scale trade pact.