On Tuesday, the Office for National Statistics will publish Britian's new index of distribution. The British Retail Consortium releases its retail sales monitor. Thursday the UK issues figures for industrial production and manufacturing output. The Bank of England's Monetary Policy Committee will set interest rates. I is expected to shave a further 25 basis points from UK rates.
Evidence shows that the economy has slowed to below-trend growth in the first quarter of the year.
There was no change after giving back modest overnight gains. Friday, the Preliminary French consumer price inflation figures will be published for the month of April. It is not intended as an offer or solicitation to purchase or sell any currency or derivatives thereon.