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FINANCIAL DIARY FOR THE WEEK

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Date Indicator Market Last Month ...
Date Indicator Market Last Month Expectation

Mon 18 July UK PSBR (June) £3.5bn £4.3bn

Tues 19 July US Merchandise trade (May) -$10.7bn -$13.3bn

Wed 20 July UK Retail sales (June) 2.9% (y/y) 3.9% (y/y) UK M4 (June) 5.4% (y/y) 5.3% (y/y)

Date Indicator Market Last Month Expectation

German M3 (June) 12.2% 13.4% (annual rates from Q4)

Thurs 21 July UK Trade balance ex EU (June) -£730m -£767m

Fri 22 July UK Real GDP (Q2) 3.1% (y/y) 2.9% (y/y)

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