RTTNews - Thursday, the Bank of England is expected to leave the key interest rate unchanged at a record low of 0.5%. Economists now expect the BoE to raise the size of the asset purchase scheme by GBP 25 billion. The decision is due at 7.00am ET.

At 2.00am ET, a final report for German CPI is due. EU harmonized inflation in Germany according to the preliminary estimate was 0.4% on a monthly basis in June and remained flat annually.

Meanwhile, the German external trade data is also expected. The trade surplus is seen at EUR 9 billion in May compared to EUR 9.4 billion in April. The current account surplus is forecast to drop to EUR 3.7 billion from EUR 5.8 billion last month.

At 3.00am ET, Czech unemployment and CPI reports are due. Annual inflation is predicted to stay at 1.3% in June. At the same time, the Hungarian statistical office is slated to release a preliminary report for May trade data.

At 4.00am ET, the ECB July monthly report is slated.

Half an hour later, the Office for National Statistics is set to issue U.K.'s trade balance for the month of May. The visible trade deficit is expected to narrow to GBP 6.7 billion from GBP 7 billion. Economists forecast the total trade deficit to fall to GBP 2.7 billion from GBP 3.01 billion in April.

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