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

Monthly GDP and foreign trade figures from the UK are set for release on Wednesday, highlighting a relatively light day of economic news for Europe.

At 2:00 AM ET, the Office for National Statistics will publish data on the UK's GDP, industrial output, and foreign trade. The economy is projected to grow by 0.2% in July, following a stagnant performance in June.

Economists expect UK industrial output to rise by 0.3%, a slowdown from June's 0.8% increase. The trade surplus is anticipated to be GBP 18 billion in July, a stark contrast to the previous month's deficit of GBP 18.9 billion.

Additionally, retail sales data from Turkey are expected, with prior figures showing a 1.7% increase in June.

At 5:00 AM ET, Portugal will release its final inflation data.