The USD has retained its bid tone overnight, underpinned by the release of much weaker than expected Q-4 Australian GDP which showed a -0.5% decline.
For today a few data releases, but nothing overly major.
- 08:45 GMT: Italian PMI services (Feb) expected 39.6.
- 08:50 GMT: French PMI services (Feb-Final) expected 40.1.
- 08:55 GMT: German PMI services (Feb-Final) expected 41.6.
- 09:00 GMT:Euro-zone PMI services (Feb-Final) expected 38.9
- 09:00 GMT: Euro-zone PMI composite (Feb-Final) expected 36.2.
- 09:30 GMT:UK PMI services (Feb) expected 41.9.
- 09:30 GMT:UK official reserves (Feb)
- 10:30 GMT: UK BRC shop price index (Feb) expected 0.2% m/m, 1.1% y/y.
