Vidya Ranganathan gives a preview of the next trading day in the European and international markets.
It goes beyond the heat wave. Additionally, UK customers are paying exorbitant prices for fish and chips, and the upcoming quarterly research of their opinions on rates and inflation will be released.
Consumers were polled back in March, and while they strangely anticipated lower average inflation in the months ahead, they didn't seem to be as convinced that the Bank of England had been doing its job of driving prices down.
More recent studies reveal that British firms anticipate wages and output price increases over the next year to occur more slowly than they anticipated one month ago.
The argument is moot to some extent. The BOE is prepared to raise rates substantially more as Britain struggles with having one of the highest rates of inflation among the major advanced nations.
In comparison to the rest of the three major central banks that convened this week, it will meet the following week and is unquestionably at the extreme hawkish end of the spectrum.
There are currently expectations for not just a rate increase next week but also a significant tightening over the course of the next year, which could raise the policy rate to 6% in the early months of next year.
As a result, sterling is currently on fire. The strongest gilt sell-off since the "mini-budget" crisis last autumn was sparked by data released this week indicating the labor market is expanding faster than all economists surveyed, pushing the cost of borrowing for two years to its highest level since July 2008.
Later in the day, Tesco, the industry leader in supermarkets, releases some quarterly trading statistics. The stock has increased 17% so far this year, but some gains have been curtailed as grocery stores in Europe have begun capping some prices.
In order to give customers some hope that food inflation will slow down in the upcoming months, Asda, the third-largest supermarket chain in Britain, has frozen the selling prices of more than 500 products till the end of August.