European session: the pound fell considerably

Data

00:30 Australia Wage Price Index, q/q Quarter IV +0.7% +0.8% +0.8%

00:30 Australia Wage Price Index, y/y Quarter IV +3.7% +3.4% +3.4%

02:30 New Zealand RBNZ Governor Graeme Wheeler Speaks February

04:30 Japan All Industry Activity Index, m/m December -0.4% +1.6% +1.8%

07:00 Germany Producer Price Index (MoM) January -0.3% +0.4% +0.8%

07:00 Germany Producer Price Index (YoY) January +1.5% +1.2% +1.7%

07:00 Germany CPI, m/m (Finally) January -0.5% -0.5% -0.5%

07:00 Germany CPI, y/y (Finally) January +1.7% +1.7% +1.7%

07:45 France CPI, m/m January +0.3% -0.2% -0.6%

07:45 France CPI, y/y January +1.3% +1.4% +1.4%

09:30 United Kingdom Average earnings ex bonuses, 3 m/y December +1.4% +1.4% +1.3%

09:30 United Kingdom Bank of England Minutes February

09:30 United Kingdom ILO Unemployment Rate December 7.7% 7.7% 7.8%

09:30 United Kingdom Average Earnings, 3m/y December +1.5% +1.4% +1.4%

09:30 United Kingdom Claimant count January -12.1 -5.3 -12.5

09:30 United Kingdom Claimant Count Rate January 4.8% 4.8% 4.7%

10:00 Switzerland Credit Suisse ZEW Survey (Expectations) February -6.9 10

The dollar rose against the euro, while restoring lost during the Asian session, the position, as many market participants are awaiting publication of U.S. data on the housing market, the index of producer prices, and no less important event - exit protocols meeting FOMC. Note also that some support euro was published data for Germany, which revealed that in January, the price pressure selling prices in Germany were stronger than expected due to the high cost of electricity, screening is widely expected slowdown in the German consumer price inflation. According to the report, producer prices rose in January by 0.8% in monthly terms, and rose by 1.7% per year, compared with forecasts at 0.4% and 1.2%, respectively.

The pound fell to a 15-month low against the euro after the Bank of England minutes showed that some officials voted to expand the program to buy assets at a meeting this month. Sterling fell to its lowest level since June against the dollar after reports showed that the policy is also considered cutting interest rates. Note that Mervyn King, Paul Fisher and David Miles in a vote called for increased bond purchase program by 25 billion pounds ($ 38.3 billion) to 400 billion pounds, while the remaining six members of the Monetary Policy Committee were against the increase. Also exerted pressure on the currency presented data that showed that, according to estimates of the International Labour Organization, the number of unemployed for three months (December) increased by 10,000, reaching with 2.5 million people, amid the unemployment rate rose to mark of 7.8%, compared to 7.7% three months earlier (before November). At the same time, the Office for National Statistics reported that the number of unemployed in the same period decreased by 14 thousand. The ONS also said that the number of employed people increased by 154,000 (in the three months to December), while still achieving the level of 29.730 million, which is the highest figure since the introduction of registration in 1971. In addition, the Office for National Statistics said the number of applications for unemployment benefits fell in January by 12,500 to 1.54 million,

The New Zealand dollar fell against 16 major peers after the governor of the Reserve Bank of New Zealand Wheeler said the bank is ready to intervene in the foreign exchange market if necessary. Meanwhile, he added that the official interest rate will also be used if necessary. In addition, it was announced that the central bank is also considering the possibility of macro tools that can support monetary policy. At the same time, Graham Wheeler acknowledged that the New Zealand dollar was "significantly overvalued" in terms of the economic base, a negative effect on some of the production sectors.

EUR / USD: during the European session, the pair decreased by setting the minimum at $ 1.3365

GBP / USD: during the European session the pair fell to the low of $ 1.5278

USD / JPY: during the European session, the pair has grown, and is now trading at Y93.55

At 13:30 GMT the U.S. will report the volume of building permits issued and the number of new foundations of bookmarks in January. Also at this time, will the producer price index and producer price index excluding prices for food and energy in January. At 15:00 GMT Eurozone present indicator of consumer confidence for February. At 19:00 GMT will be publication of the minutes of the Fed meeting.