US GDP revision at 13.30GMT

Today we get the US GDP revision for Q4 2016, the first of about 8 revisions until they decide on what they like.

We're expecting GDP to be uplifted to 2.1% vs 1.9% prior. Q3 closed at 3.5%.

Picking out a few of the important components, consumption is expected in at 2.6% vs 2.5% prior, PCE unchanged at 2.2% and Core PCE unchanged at 1.3%.

We'll also have to look at the other subcomponents like business investment (2.4% in the flash), Exports (-4.3%), imports (8.3%), government spending (1.2%) and inventories, which added 1.0 percentage points to GDP.

US GDP revisions can be fairly volatile so we could see a decent move in the buck if we get that either way.

At the same time we get advance wholesale inventories and trade balance and Canadian PPI, then after that we have the Case Shiller HPI at 14.00 GMT and the Chicago PMI (which normally leaks early) at 14.45GMT.

At 15.00 it's US consumer confidence and the Richmond Fed manufacturing data.

You can find all the details and more via our calendar at the top of the page.