GBP
The UK economy has grown faster than previously estimated in the first three
months of the 2015. The Office for National Statistics said the economy grew by
0.4% in the quarter, compared with an earlier estimate of 0.3%. Growth was
boosted by a better performance from the construction industry than previously
estimated. Annual growth to March was also revised up to 2.9% from 2.5%
previously.

EUR

GBP
The UK economy has grown faster than previously estimated in the first three
months of the 2015. The Office for National Statistics said the economy grew by
0.4% in the quarter, compared with an earlier estimate of 0.3%. Growth was
boosted by a better performance from the construction industry than previously
estimated. Annual growth to March was also revised up to 2.9% from 2.5%
previously.

EUR
The Eurozone’s inflation rate dipped slightly from 0.3% in May to 0.2% in
June. The reading marks the second month of a return to inflation after
five months of flat or falling prices. The European Central Bank (ECB) has
been taking steps to reflate the economies of the 19 countries that use to
euro. Other figures showed that unemployment throughout the bloc remained at
11.1% in May, the same level as in April. Unemployment in Germany was the
lowest of the 19, at 4.7%, while crisis-struck Greece was the highest at 25.6%.

Greece has now officially defaulted on their agreement with the IMF and are now
in areas of 1.5 BN Euros. They are due to hold a referendum on Sunday 5th July
which ultimately decides if they remain in the Eurozone or not.

USD
US consumer confidence increased to 101.4 in June from 94.6 a month earlier,
the New York-based private research group said Tuesday. The index averaged
96.9 during the last expansion and 53.7 during the recession that ended June
2009.

Another report Tuesday showed home prices in 20 U.S. cities rose at a slower
pace than projected in April. The S&P/Case-Shiller index of property values
climbed 4.9 percent in the 12 months ended in April after a 5 percent
year-over-year gain a month earlier.

Key Announcements

09:00 – EUR – Eurozone Markit manufacturing PMI (June) expected to
rise from 52.2 to 52.5