Data released earlier Thursday showed that Britain ran up a higher-than-expected budget deficit in November, adding to the strain on the public finances and underscoring the limited room for pre-election tax cuts by Prime Minister Rishi Sunak's government.
The main economic data release Thursday, however, will come from across the pond, with the U.S. economy expected to post 5.2% year-on-year growth in the third quarter.
Additionally, Friday sees the U.S. core PCE price index reading, the Fed's preferred measure of underlying inflation, where another slowdown is expected.