Europian session review: The market looks for Triche's conference.

Next data issued:
07:00 Britain, Halifax house price index (April) 2.0% - 0.9%
07:00 Britain, Halifax house price index (April) 3m, г/г 8.0% - 6.2%
07:45 Italy, PMI services (April) 59.6 - 59.0
07:50 France, PMI services (April) 59.4 - 60.4
07:55 Germany, PMI services (April) seasonally adjusted 57.3 - 56.6
08:00 Eurozone, PMI services (April) 58.3 - 58.2
08:30 Britain, CIPS services index (April) 59.7 57.6 57.4
08:30 Britain, M4 money supply (March) final 1.0% - 1.1%
08:30 Britain, M4 money supply (March) final, г/г 12.3% - 12.4%
08:30 Britain, M4 lending (March) final, mlrd. 23.2 - 22.7
08:30 Britain, Consumer credit (March),mlrd. 0.28 1.2 1.20 (1.42)
09:00 EU(12) Retail sales (March),adjusted -0.8% 0.1% -0.1 (-0.2)%
09:00 EU(12) Retail sales (March),adjusted, г/г -0.2% 0.8% 1.4 (1.0)%
11:00 Britain, BoE decision announcement unch.
11:45 Eurozone, ECB decision announcement unch.

The meetings of BoE and ECB were the great event of European session. As expected, both banks left the rate on current level: 4.5% и 2.5% accordingly. Now the attention of investors is on traditional Jean-Claude Trichet press-conference. The official data showed the growth in service sector of European countries. Separate report showed the decrease of Eurozone retail sales data on 0.8% м/м and 0.2% y/y.

EUR/USD opened about $1.2626. Rate was kept inside of $1.2608/40 corridor during most of the session. Later euro fall to $1.2570. Bids helped euro come back to $1.2600. These orders are valid yet. Stops below $1.2550. Offers $1.2625/35. Option barrier on $1.2700 with stops above.
GBP/USD began session $1.8393. Rate showed session minimum $1.8330, after began recover. Strong report CIPS supported sterling. As a result rate rose to $1.8430. Offers were limited further growth and rate returned to $1.8411. Large offers on $1.8500. Stops below $1.8340. Bids in zone $1.8300/15.
USD/JPY began trading near Y113.92. US banks were the main buyers. Rate was in range Y113.80/Y114.20. Offers Y114.15/20, also in Y114.40/50. Bids - Y113.50/60 and Y112.85/90.

Later, American workers productivity report will be issued, probably data has grew up in 1Q. According to the forecasts the index increased on 3% y/y after -0.5% earlier. Also, US Labour Department will give Jobless Claims report for the last week.