Data released:
03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10% 0.00-0.10%
05:00 Japan Leading indicators composite index (July) preliminary 106.0 105.9 103.2
05:00 Japan Coincident indicators composite index (July) preliminary 109.0 - 108.8
07:00 UK Halifax house price index (July) -1.2% - 0.3%
07:00 UK Halifax house price index (July) 3m Y/Y -2.6% - -2.3%
08:30 UK Industrial production (July) -0.2% 0.0% 0.0%
08:30 UK Industrial production (July) Y/Y -0.7% -0.6% -0.3%
08:30 UK Manufacturing output (July) 0.1% 0.0% -0.4%
08:30 UK Manufacturing output (July) Y/Y 1.9% 1.9% 2.1%
10:00 Germany Industrial production (July) seasonally adjusted 4.0% 0.5% -1.0 (-1.1)%
10:00 Germany Industrial production (July) not seasonally adjusted, workday adjusted Y/Y 10.1% 6.7% 6.7%
13:00 Canada BOC meeting announcement 1.00% 1.00% 1.00%
18:00 USA Fed Beige book
23:50 Japan Machinery orders core (July) adjusted -8.2% -4.2% 7.7%
23:50 Japan Machinery orders core (July) unadjusted Y/Y 4.0% 8.3% 17.9%
23:50 Japan Current account (July) unadjusted, trln 0.990 1.176 0.527
23:50 Japan Trade balance (July) unadjusted, trln 0.123 - 0.132
Australia’s dollar rose after a report showed the economy grew more than analysts forecast.
Second quarter GDP increased to 1.2% versus -0.9% on the previous quarter. The market anticipated an increase to only 1.0%. In year on year terms, GDP increased to 1.4% in Q2 from 1%. This development has cooled expectations of an interest rate cut.
EUR/USD rose from $1.4000 to $1.4150 before retreated to $1.4010. Later rate managed to recover to $1.4110.
GBP/USD rose from $1.5940 to $1.6040 before back to $1.6012. Later rate fell to a news low at $1.5916.
USD/JPY initially fell from Y77.70 to Y77.10. Later rate was back to Y77.40, but failed to hold and weakened to Y77.15.
The main events of the day - rate decisions from BoE and ECB at 11:00 GMT and 11:45 GMT respectively.
At 12:30 GMT Canada's and US Trade Balances are due to come.