| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Eurozone | Private Loans, Y/Y | May | 4.6% | 4.6% | 4.6% |
| 08:00 | Switzerland | Credit Suisse ZEW Survey (Expectations) | June | -52.6 | | -72.7 |
| 08:00 | Eurozone | M3 money supply, adjusted y/y | May | 6.1% | 5.8% | 5.6% |
| 09:00 | Eurozone | Economic sentiment index | June | 105 | 103 | 104 |
| 09:00 | Eurozone | Industrial confidence | June | 6.5 | 4.6 | 7.4 |
| 09:00 | Eurozone | Consumer Confidence | June | -21.1 | -23.6 | -23.6 |
GBP traded flat against other major currencies in the European session on Wednesday as traders continued to assess growth concerns while awaiting the comments from Bank of England’s (BoE) governor Andrew Bailey later in the day.
The pound rose against AUD, NZD and JPY, fell against CHF, and changed little against CAD, EUR and USD.
Bailey is scheduled to speak at an annual forum of central bankers in Sintra, Portugal, today at 13:00 GMT. Investors hope he will provide some hints about the further pace of interest rate hikes by the British regulator, which eagerly seeks to bring down the highest inflation rate in 40 years without damaging the economic growth.
Also, GBP remains pressured by the political risks, which heightened after the leader of Scotland's government Nicola Sturgeon stated on Tuesday that she proposed to hold a new referendum on Scottish independence in October of 2023.