The largest downward effect came from air transport, with prices falling by 14.2%, compared with a rise of 4.5% between the same two months last year. This was influenced by the timing of the Easter holidays in March. Fare prices increased dramatically between February and March this year and then fell sharply in April.
10:00 – EUR: Eurozone Infaltion Rate MoM (April) expected to fall to 0% from 1.2%
11:30 - GBP: The Queen makes her Annual Legislative Speech.
19:00 – USD: FOMC Meeting Minutes