China's June official manufacturing PMI due in 10 minutes; Reserve Bank of Australia to publish minutes of its June monetary policy meeting in 10 minutes.

Andy Burnham will deliver an economic-plan speech on Monday. Burnham re-entered Parliament and won a seat this month; he is the only formal candidate for prime minister and could take Downing Street in coming weeks. Investors will focus on his economic-policy stance; gilt investors, more than FX markets, are watching how he would drive growth. Markets broadly expect a tilt toward expansionary fiscal policy, but fiscal space is limited and the government's capacity to raise new borrowing is constrained, leaving little room for additional spending. There are market concerns about a repeat of the Truss crisis. Analysts say Burnham's choice for Chancellor of the Exchequer will be a key determinant of whether UK financing costs remain stable.

Iran’s state broadcaster IRIB reported on the 29th that an increasing number of vessels have been transiting the Strait of Hormuz via a route south of Larak Island in the northern strait. The IRGC navy warned routes other than the Iran-designated one carry security risks. The report gave no information on the number of vessels or other details.