UK final GDP for Q1 is revised higher, as focus shifts to US inflation
Arguably more important for financial markets will be the Eurozone flash inflation reports for June along with the US PCE data. The market expects a core PCE annual reading of 2.6% in May, down from 2.8% in April. The market is also expecting an uptick in US consumer sentiment, and a slight decline in the 1-year ahead inflation expectations.