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

Unemployment data from the UK and economic sentiment indices from Germany headline the economic news scheduled for Tuesday.

At 2:00 AM ET, the Office for National Statistics will release the UK unemployment figures. Forecasters expect the jobless rate to increase to 4.5% for the three months leading up to June, up from 4.4% in the previous period.

At 3:00 AM ET, Spain’s statistical office, INE, will announce the final inflation figures for July. Economists predict that consumer price inflation will ease to 2.8%, in line with initial estimates, down from 3.4% in June.

At 5:00 AM ET, Germany's economic sentiment survey results will be published. The ZEW economic confidence index is anticipated to decline to 38.0 in August from 41.8 in July.