Data from the UK today due for (May) trade deficit and industrial production

There is GDP data coming from the UK today:

• UK data coming up today: GDP (will anyone care - focus on Brexit)

Also trade and IP, this preview via Nomura

UK Trade

• The trade deficit ballooned to £14bn in April (close to a record) thanks almost entirely to a worsening in the balance on erratic items. In fact, the underlying deficit, which strips out erratics and oil, was broadly unchanged on the month.
• And unwinding of the erratic move could narrow the deficit back to similar levels to that in March (around £12bn).

UK Industrial production

• Manufacturing output fell for a third consecutive month in April, the monthly decline being the most sizeable for over five years which in turn had the effect of halving the annual rate of growth to just 1.4%.
• Overall industrial production fell by a little less thanks to a partial offsetting rise in mining and quarrying output of nearly 7% between March and April.
• With the output index of the PMI having risen in May and the CBI's output balances generally having remained upbeat we would not be surprised to see some snapback in production in May.