Economic Calendar: Bank of England decision as the key event of the day 📄

Today's macroeconomic calendar is relatively light, lacking clear reports that could significantly impact global markets. The most important event on Thursday will be the Bank of England's (BoE) interest rate decision. Analysts expect a 25-basis-point rate cut, bringing the rate down to 4.50%.

Detailed schedule for the day:

09:30 AM GMT, United Kingdom - PMI Data for January:

• S&P Global Construction PMI: forecast 53.5; previous 53.3;

12:00 PM GMT, United Kingdom - BoE MPC Meeting Minutes

12:00 PM GMT, United Kingdom - BoE Interest Rate Decision for February:

• forecast 4.50%; previous 4.75%;

01:30 PM GMT, United States - Employment Data:

• Jobless Claims 4-Week Avg.: previous 212.50K;
• Initial Jobless Claims: forecast 214K; previous 207K;
• Continuing Jobless Claims: forecast 1,870K; previous 1,858K;

02:15 PM GMT, United Kingdom - BoE Gov Bailey Speaks

03:00 PM GMT, Canada - PMI Data for January:

• Ivey PMI n.s.a: previous 44.3;

• Ivey PMI: forecast 53.0; previous 54.7;

04:15 PM GMT, Germany - German Buba President Nagel Speaks

05:00 PM GMT, Germany - German Buba Balz Speaks

07:30 PM GMT, United States - Fed Waller Speaks

08:30 PM GMT, United States - FOMC Member Daly Speaks

09:05 PM GMT, United Kingdom - BoE Gov Bailey Speaks