It’s the turn of the Bank of England and the European and Swiss central banks to unveil their interest rate decisions on Thursday.
Last time, the BoE followed a succession of 50bps rate raises with its first-ever 75bps hike, while the ECB has made two consecutive 75bps hikes.
Economists expect the BoE to cap off a tumultuous year by going back to its more familiar 50bps rate increases, which will lift the base rate to 3.5%, while there will be no monetary policy report or press conference this time, but may include a re-evaluation of the fiscal policy stance following Chancellor Hunt's autumn statement.
The US Fed will have announced its latest update to interest rates on Wednesday evening.
In London’s corporate calendar, retailer Currys PLC (LSE:CURY) is due to report half-year results, where its strong market presence is seen eventually counteracting the tough economic backdrop.
It should “roughly break-even” in the first half, analysts at Liberum said.
Significant announcements
Trading updates: Serco Group PLC (LSE:SRP)
Interims: Currys PLC (LSE:CURY), Adobe
Finals: C4X Discovery Holdings PLC (AIM:C4XD)
Economic announcements: BoE Interest Rate Decision, BoE Interest Rate Minutes, Continuing Claims (US), Initial Jobless Claims (US), Philadelphia Fed Index (US), Retail Sales (US), Capacity Utilisation (US), Industrial Production (US), Business Inventories (US)
Ex-divs to reduce FTSE 100: 0.98 points (AB Foods, Burberry, DS Smith)
AGMs: Aeorema Communications (AIM:AEO) PLC, Argos Resources Ltd (LSE:ARG), Baillie Gifford Japan Trust PLC, CQS Natural Resources Growth and Income PLC, DX PLC