FX.co ★ European Economic News Preview: UK Inflation Data Due

The key economic highlights for Wednesday revolve around the publication of consumer and producer prices data from the UK, marking a relatively calm day for European economic updates.

At 3:00 am ET, the UK's Office for National Statistics plans to release data on consumer and producer prices for February. Experts project a moderation in inflation from 4.0 percent in January to 3.5 percent. Output prices are predicted to decline by 0.1 percent annually, subsequent to a 0.6 percent reduction the previous month.

Simultaneously, Germany is expected to release its own producer price data. The forecast suggests a year-on-year decline of 3.8 percent in February, following a 4.4 percent dip in January.

At 5:00 am ET, ISTAT, Italy’s statistics office, is due to report January's industrial output figures. A monthly drop of 0.6 percent is anticipated, contrasting December's 1.1 percent rise.

Finally, at 6:00 am ET, Eurostat is scheduled to disclose January's construction output for the euro area.