UK industrial production (% MoM) (Jun): Prior: –0.1; Consensus: 0.1<
Output of the British industrial sector is expected to have remained largely unchanged in June, with the largest contributor – manufacturing – seen remaining subdued.
Mexican central bank policy rate (%): Prior: 7.0%; Consensus: 7.0%
At its last policy meeting, the Mexican central bank signaled that the latest hiking cycle has come to an end. With business surveys showing some softening in July and inflation close to peaking, there appears no need for further rate hikes and we expect Banxico to remain on hold.