FX.co ★ European Economic News Preview: UK Public Sector Finance Data Due

On Wednesday, the UK's public sector finance figures take center stage, capturing attention with a limited release schedule for European economic updates.

At 2:00 AM Eastern Time, the UK's Office for National Statistics will publish the government borrowing details for December. Analysts predict that the budget deficit will expand, reaching £13.7 billion, an increase from November's £11.25 billion.

Later, at 4:00 AM ET, Poland will release data on industrial production, producer prices, and corporate sector wages. Economists anticipate that industrial output will rise by 1.8% year-on-year in December, a recovery from November's 1.5% decline. Producer prices are projected to decrease by 2.4% annually, following a 3.7% drop in the previous month.

At 6:00 AM ET, the Central Statistics Office is expected to release Ireland's property price index for November. Simultaneously, Latvia's producer price statistics will also be made available.