CNBC's Jackie DeAngelis reports the ECB will leave interest rates at current levels; Best Buy is discounting Apple's iPad 3 by 30 percent; and Carnival's ship, Triumph had to be towed to port after breaking loose from a dock.
Philip Shaw, chief economist at Investec, tells CNBC the Bank of England will keep its focus on short-term growth and the inflation outlook in the medium to long-term.
Todd Elmer, Currency Strategist at Citi remains cautious on the yen while weighing the impact of BoJ easing and other global central bank strategies on major currencies across the board.
Robert Wood, chief UK economist at Berenberg, explains why he remains downbeat on the U.K. economy and why he believes the Bank of England should create more monetary stimulus.
Ian Gordon, head of banks research at Investec Securities, tells CNBC that the new capital requirement imposed on U.K. banks by the Bank of England will restrict lending and will lead to more shrinkage.
British finance minister George Osborne has laid the groundwork for a partial revamp at the Bank of England when new Governor Mark Carney arrives in July.
British finance minister George Osborne turned to the Bank of England on Wednesday to do more to help spur the country's stagnant economy as he announced a halving of the 2013 growth forecast.
Simon Wells, Chief UK Economist, HSBC, tells CNBC that the UK government looks likely to stick to the deficit reduction policy which leaves 'very little fiscal wriggle room'.
Technical indicators, downbeat economic reports, and the prospect of more central bank stimulus are all weighing on the British currency, this strategist says.
The Bank of England will make clearer on Thursday where its priorities for nursing Britain's ailing economy lie, with opinion split evenly on whether it will unveil another round of bond buying.