At 08:00 (GMT+2), the UK will publish April data on the consumer price index — a key indicator of inflation that determines changes in retail prices for a certain basket of goods and services (food, transportation, utilities, healthcare, etc.). If it decreases from 3.3% YoY and 0.7% MoM, and the base indicator declines from 3.1% YoY and 0.4% MoM, this is likely to have a material impact on the monetary policy decisions of the Bank of England.
