| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:45 | France | Consumer confidence | December | 98 | 97 | 100 |
| 08:50 | France | Services PMI | December | 57.4 | 57.1 | 57 |
| 08:55 | Germany | Services PMI | December | 52.7 | 48.4 | 48.7 |
| 09:00 | Eurozone | Services PMI | December | 55.9 | 53.3 | 53.1 |
GBP traded mixed against its major rivals in the European session on Wednesday, as investors assessed the possibility of the Bank of England’s (BoE) rate increase in February while watching rising coronavirus cases in the U.K.
After an unexpected rate increase in December, market participants expect another hike to be announced after the BoE’s meeting on February 3.
Cases of coronavirus continue to surge across the UK, driven by a fast-spreading Omicron variant. On Tuesday, Britain set a new record number of daily COVID infections, as the country registered 218,724 coronavirus cases.
However, UK Prime Minister Boris Johnson stated yesterday that his country could "ride out" this Omicron-driven wave without shutting down.