DAVY VIEW

A busy week ahead for macroeconomic data releases includes a number of updates for the UK, Ireland and the global economy. We expect ongoing disinflation will remain evident for the UK along with relatively weaker retail sales related to the World Cup. A strong performance for Ireland’s labour market is also likely to be evident in June’s employee payrolls data, albeit survey results could be more subdued. We also expect that a small moderation in residential property price increases took place in June.