Not a lot of change overnight, when all said and done. The USD is marginally firmer compared to where Europe closed out Monday, with EUR/USD down at 1.2975 from around 1.2995, while cable is down at 1.4030 from around 1.4080. The proximity of the Fed and BOJ rate decisions later in the week is probably helping subdue activity.
For today on the economic data front we have:
08:15 GMT: Swiss industrial production Q-4 expected -0.1% q/q, -4.5% y/y
09:30 GMT: UK DCLG house prices (Jan) expected -11.7% y/y
10:00 GMT: German ZEW survey economic sentiment (Mar) expected -8.0, last -5.8
10:00GMT: German ZEW survey current situation (Mar) expected -90.0, last -86.2
10:00GMT: Euro-zone ZEW survey economic situation (Mar) expected -12.0 last -8.7
16:30 GMT: Germany’s Federal Minister of Economics and technology Karl- Theodor zu Guttenberg speaks in Washington
19:15 GMT: ECB’s Trichet at business conference in Paris
19:30GMT: ECB’s Weber speaking in Germany
20:00GMT: BOE’s Governor King speaks.
