• UK industrial production figures and this evening's Mansion House speech by the BoE Governor and the Chancellor will be the key domestic focus today. On the latter, it should be noted that the text of Mr Carney's speech will be released ahead of the event at 17:00BST. The speech is lekely to focus primarily on banking regulation issues, rather than monetary policy, says Lloyds Bank. He will want to avoid comments that lead to sharp market moves, as happened last year when he said that the first interest rate rise "could happen sooner than markets currently expect".
  
  
• Analysts are looking for indications of stronger UK GDP growth in Q2, following the unexpectedly soft pace of expansion in the first quarter. Very early signs of activity from 'hard' data for April have been encouraging, with retail sales increasing strongly, while the trade deficit narrowed more than expected. For today's IP data, however, a decline of 0.2% in April is expected, consistent with survey evidence and below the consensus forecast of a 0.1% rise, according to Lloyds Bank. Nevertheless, the arithmetic suggests that even a small decline in April combined with small gains in May and June would deliver an acceleration in activity for Q2 as a whole.
  
  
• In the euro area, French and Italian industrial production figures for April are also due, ahead of Friday's euro area number. German IP, released on Monday, had surprised on the upside. ECB hawks Liikanen and Hansson are scheduled to speak at 09:00BST. In the evening, the Reserve Bank of New Zealand is expected to keep rates unchanged at 3.5%, but there is a risk of a 25bps cut to 3.25%, adds Lloyds Bank.