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Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
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Lots of economic dockets and events scheduled for today and some with very high volatility risks associated.
Data released so far:
- Australia: New motor vehicle sales declined by 0.6 percent in November, down 1.1 percent from a year ago.
- Japan: Industrial production registered no growth in October, down 1.4 percent from a year ago.
Upcoming:
- France: Consumer price inflation for November will be released at 7:45 GMT.
- Eurozone: ECB would hold non-monetary policy today. Industrial production numbers for October will be released at 10:00 GMT.
- Switzerland: Producer price inflation numbers for November will be released at 8:15 GMT. ZEW survey report will be released at 10:00 GMT.
- Italy: Consumer price inflation numbers for November will be released at 9:00 GMT.
- United Kingdom: unemployment report will be released at 9:30 GMT. BoE governor Carney is scheduled to speak at 12:15 GMT.
- United States: MBA mortgage application data will be reported at 12:00 GMT, followed by retail sales report and producer price inflation numbers at 13:30 GMT. Industrial production data for November will be announced at 14:15 GMT. EIA will release its weekly inventory report at 15:30 GMT. FOMC will announce interest rate decision at 19:00 GMT.
- New Zealand: Business PMI number will be reported at 21:45 GMT.
