Another relatively quiet day of announcements sees data released by the UK come into focus.

The UK is releasing a number of figures including: Manufacturing Production, Goods Trade Balance, Construction Output, Industrial Production and NIESR (National Institute of Economic and Social Research) GDP Estimate.

The most important of these figures is the Manufacturing Production data. Manufacturing is an important part of the UK and its strength (particularly post Brexit) is crucial to the growth of the economy. Construction Output reflects the activity in the construction industry. A strengthening of this figure shows that construction is still taking place in the post-Brexit world for the UK. This can also reflect confidence by consumers and businesses that they are still willing to spending money to either build homes and/or expand their business. Industrial Production data indicates the health of the Industrial sector. The Goods Trade Balance reflects the change in value between imported and exported goods. This is quite a vital piece of information, particularly considering that the UK pound has devalued considerably since the Brexit vote, meaning that exporting goods to other countries has become easier as goods are cheaper for other countries to purchase. On the other hand, importing goods has become more expensive as more pounds are required to purchased goods since devaluation. The GDP Estimate is a figure produced by an independent organisation to try and predict the official GDP data.

Elsewhere, Japan is releasing Leading Indicator data and the US is releasing Crude Oil Inventory figures.