U.K. May PPI data are unlikely to move markets markedly, in spite of the large rise in input prices, since this was largely due to the rebound in oil prices.

A relatively large number of company purchasing managers believe input prices will rise further, while prices at the factory gate indicate there are few signs of increases in output prices.

If the rise in petrol prices in the producer-price data is reflected in the CPI data, there is a risk the inflation rate could be 2.2 percent.

This week's collection of data will give the markets plenty to trade on,

When you've got such a large honey pot, it's unlikely that some of these funds aren't going to be put away for a rainy day. I wouldn't bet the rent money that there aren't going to be any offshore bank accounts.

As the supermarkets come to expect those tomatoes and don't get them those prices are going to rise.