The May update on UK consumer price inflation leads the trading day for economic news in Europe. Soon after, the widely watched ZEW survey of economic conditions in Germany is released. Later, the market will focus on US housing starts. US consumer inflation for May is also scheduled for an update today, with numbers hitting the streets at 12:30 GMT. UK Consumer Price Index (08:30 GMT): Inflationary pressures have eased in recent months, inspiring expectations that the central bank may have more flexibility with monetary policy in the future. That’s still a big “maybe”, but the slip in the annual pace of consumer ... (full story)