2011.11.1603:02:00UTC+00European Economics Preview: BoE Inflation Report Due

Quarterly Inflation Report and claimant count from the U.K. and final inflation figures from the euro area are the major statistical events due on Wednesday.

At 3.00 am ET, Spain's final GDP figures are due from the statistical office INE. In the meantime, Turkish consumer confidence data is due.

The Office for National Statistics is set to release U.K. labor market statistics at 4.30 am ET. The number of people claiming jobseekers allowances is forecast to rise 21,000 in October. The claimant count rate is seen at 5.1 percent, up from 5 percent in September.

Half an hour later, Eurostat is slated to release final inflation data for October. Eurozone annual inflation is seen at 3 percent, in line with flash estimate.

The Bank of England is set to publish quarterly Inflation Report at 5.30 am ET. The report provides clear picture about the assessment of future inflation and growth. The bank is expected downgrade its growth outlook.