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09:30 United Kingdom HICP, m/m January +0.4% -0.5% -0.5%
09:30 United Kingdom HICP, Y/Y January +4.2% +3.6% +3.6%
09:30 United Kingdom HICP ex EFAT, Y/Y January +3.0% +2.0% +2.6%
09:30 United Kingdom Retail Price Index, m/m January +0.4% -0.4% -0.6%
09:30 United Kingdom Retail prices, Y/Y January +4.8% +4.1% +3.9%
09:30 United Kingdom RPI-X, Y/Y January +5.0% +4.2% +3.9%
10:00 Germany ZEW Survey - Economic Sentiment February -21.6 -11.6 5.4
10:00 Eurozone ZEW Economic Sentiment February -32.5 -21.1 -8.1
10:00 Eurozone Industrial production, (MoM) December -0.1% -1.1% -1.1%
10:00 Eurozone Industrial Production (YoY) December -0.3% -1.2% -2.0%
The euro advanced as Italian and Spanish borrowing costs dropped at debt sales even after Moody’s Investors Service lowered the two countries’ credit ratings.
The common currency strengthened as a German report showed investor confidence increased more than economists forecast.
The ZEW Center for European Economic Research in Mannheim said its index of German investor confidence climbed to a 10- month high of 5.4 from minus 21.6 in January.
The euro pared gains versus the dollar amid concern the region’s debt crisis will worsen.
Greece’s gross domestic product dropped 7 percent from a year earlier in the fourth quarter after contracting a revised 5 percent on an annual basis in the third quarter.
The pound fell for the first time in three days against the euro after Moody’s said Britain risks losing its top credit rating should the economy deteriorate.
EUR/USD: the pair showed low above $1,3200, but receded later.
GBP/USD: the pair showed high in $1,5770 area then decreased in $1,5720 area.
USD/JPY: the pair grown above Y78,00.
Philadelphia Federal Reserve Bank President Charles Plosser speaks to the University of Delaware Center for Economic Education and Entrepreneuship on the economic outlook, in Newark, Delaware at 1345GMT.
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