At 08:30 GMT, UK Industrial Production (YoY) (Apr) is expected to be 2.7% against a previous 2.9%. Industrial Production (MoM) (Apr) is expected to be 0.2% against 0.1% previously. Last month this data was flat but is expected to marginally beat today. Manufacturing Production (YoY) (Apr) is expected to be 3.1% against 2.9% previously. Manufacturing Production (MoM) (Apr) is expected to be 0.3% against -0.1% previously. This figure has fallen under the zero mark showing a contraction on the monthly number. The negative impact from Brexit is continuing to plague the economy as orders are delayed and production postponed. GBP pairs can move because of this data release.
Major data releases and events for the week ahead:
On Tuesday at 01:00 GMT, US President Trump will meet with North Korean Leader Kim Jong – Un in Singapore.
At 08:30 GMT, UK Average Earnings data will be announced.
At 17:00 GMT, US Consumer Price Index data will be released.
On Wednesday at 08:30 GMT, UK Consumer Price Index data will be published.
At 18:00 GMT, US FOMC Interest Rate Decision and Monetary Policy Statement will be announced. Press Conference will follow at 18:30 GMT.
On Thursday at 11:45 GMT, ECB Rate Decision will be announced with a Press Conference at 12:30 GMT.
At 12:30 GMT, US Retail Sales and Jobless data will be released.
On Friday at 09:00 GMT, Eurozone Consumer Price Index data will be published.
