UK trade deficit widens despite industrial output figures easily beating expectations

Glencore provides the major corporate release of the morning with the global miner holding off from a big shareholder payout in favouring of stepping up its acquisitions activity.

The focus for the currency markets this morning is UK industrial, construction and manufacturing data, which is due at 9.30am from the ONS. Dovish US Federal Reserve policymaker William Dudley could also stoke the forex markets this afternoon at his scheduled appearance. 

This morning ahead of the key ONS data, the pound has edged down 0.2pc against the dollar, trading at $1.2980.

Interim results: Co-op Bank, Glencore, Tritax Big Box Reit, Prudential, PageGroup, Amec Foster Wheeler, Evraz, Cineworld Group, The Vitec Group, Derwent London, Hill & Smith Holdings, Coca-Cola

AGM: Investec, Blue Planet Investment Trust

Economics: RICS house price balance (UK), Industrial production m/m (UK), Construction output m/m (UK), Manufacturing production m/m (UK), Goods trade balance (UK), PPI m/m (US), Unemployment claims (US), Core PPI m/m (US), JOLTS job openings (US), Final CPI (GER) 

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