This morning, we have Purchasing Managers Index figures in the manufacturing and services sector for France, Germany, United Kingdom and the European Union.
Across the board PMI data is set to show an expansion from their previous releases and it represents as inflation falls, business conditions and new orders improve.
In the States, the total number of people that have filed for unemployment claims is set to come in at 220k.
Following the UK CPI inflation release yesterday, Pound Sterling has been on the rise against all the other currencies in the G10, after it surpassed market expectations releasing at 2.3 percent (forecasted 2.1 percent).
The Bank of England are now expected to delay an anticipated interest rate cut next month. Markets are forecasting three cuts this year from and interest rates to fall from 5.25 percent to 4.5 percent with the first rate cut likely to be in August.
Pound Sterling has also been supported after Prime Minister Rishi Sunak announced a snap general election on July 04 to vote in a new government. GBPEUR in now trading at its highest level this year.