• Retail Gross sales (GBP, GMT 06:00) – UK Retail Gross sales stronger than anticipated at 0.7% m/m. The Could studying was revised all the way down to 0.1% m/m from 0.3% m/m, however this was nonetheless the third month-to-month enchancment and the most important soar since February. The bounce was partly a mirrored image of the new climate, which meant a robust month for department shops and furnishings retailers, with summer season gross sales serving to to spice up turnover. Gross sales are nonetheless significantly decrease than a 12 months in the past, because the sharp rise in costs has hit real-disposable earnings.
• Client Value Index & Core (EUR, GMT 09:00) – The Eurozone inflation price in July ought to ease at -0.1% m/m from 0.3% m/m, whereas the headline inflation is anticipated to ease at 5.3% y/y from 5.5% y/y and core at 5.5% y/y.

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Andria Pichidi

Market Analyst

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