No surprises in the final revision of Q3 GDP as the economy contracted 0.5%. Q4 is expected to show a quantum drop of something in the order of 5-6% in annual terms.Focus turns no to the housing data at 10:00 am. Continued drops are expected in both new and existing home sales.

Markets are showing little reaction to the data as EUR/USD idles at 1.3990 and USD/JPY at 90.05.