In data news, the final read on first-quarter U.S. GDP showed the economy grew at an annualized rate of 1.4 percent, more than the previous read of 1.2 percent annualized growth. Meanwhile, weekly jobless claims came in at 244,000, slightly above expectations.
Central bank-wise, investors are expected to be keeping an eye on central banks in Europe and the U.S., as well as moves in the currency space.
On Wednesday, Reuters reported citing sources familiar with the matter, that the European Central Bank’s President Mario Draghi intended to signal tolerance for a period of weaker inflation during his speech on Tuesday, rather than an imminent policy tightening.
Meanwhile, Bank of England Governor Mark Carney said on Wednesday the central bank was likely to need to increase interest rates, adding that it would debate this “in the coming months”.
St. Louis Fed President James Bullard will be at an OMFIF City lecture in London, speaking about the U.S. economy and monetary policy.