| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Eurozone | Private Loans, Y/Y | August | 4.5% | | 4.5% |
| 08:00 | Eurozone | M3 money supply, adjusted y/y | August | 5.7% | 5.4% | 6.1% |
| 10:15 | U.S. | FOMC Member Charles Evans Speaks | | | | |
GBP rose against other major currencies in the European session on Tuesday, rebounding after a drastic selloff that followed last week’s announcement of a “mini-budget” in the UK.
The pound saw the emergence of buying interest after yesterday’s decline to an all-time low against the U.S. dollar of 1.0349. At the moment, the GBP/USD is trading at 1.0807, up 1.15% from the previous close, as the absence of any emergency action from the side of the Bank of England or the UK’s government to support the British currency was interpreted by the markets as the policymakers think there's no sense of panic.
Monday's update from the BoE indicated the Bank will “make a full assessment at its next scheduled meeting of the impact on demand and inflation from the Government’s announcements, and the fall in sterling, and act accordingly.”