Foreign exchange market. European session: the British pound traded higher against the U.S. dollar despite the weaker-than-expected economic growth in the U.K.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

06:45 France Consumer confidence April 93 91.15 94

08:30 United Kingdom BBA Mortgage Approvals March 37.3 Revised From 38.75K 38.8K

08:30 United Kingdom GDP, q/q (Preliminary) Quarter I 0.6% 0.7% 0.3%

08:30 United Kingdom GDP, y/y (Preliminary) Quarter I 3.0% 2.82% 2.4%

The U.S. dollar traded mixed to lower against the most major currencies ahead of the U.S. economic data. The S&P/Case-Shiller home price index is expected to rise by 4.7% in February, after a 4.6% gain in January.

The U.S. consumer confidence is expected to increase to 102.6 in April from 101.3 from March.

The euro traded higher against the U.S. dollar. The euro was supported by yesterday's news that Greek Prime Minister Alexis Tsipras reshuffled his team negotiating with European and IMF creditors on Monday. Deputy Foreign Minister, Euclid Tsakalotos, was appointed co-coordinator of the team.

Friday's Eurogroup meeting ended without any results as widely expected. Discussions between the Greek government and its creditors will continue at the next Eurogroup meeting on May 11.

The European Central Bank (ECB) Executive Board member Benoit Coeure said in an interview, published on Tuesday, that the central bank is not preparing for the Greek exit from the Eurozone.

The French consumer confidence index climbed to 94 in April from 93 in March, exceeding expectations for a decline to 92.5. It was the highest level since January 2010.

Households in France were more willing to make significant purchases.

The British pound traded higher against the U.S. dollar despite the weaker-than-expected economic growth in the U.K. The preliminary U.K. gross domestic product (GDP) climbed 0.3% in the first quarter, missing expectations for a 0.7% gain, after a 0.6% rise in the fourth quarter. It was the slowest pace since the fourth quarter of 2012.

The slow pace of the growth was driven by weak output in the construction, industrial, and services sectors. Construction fell 1.6% in the first quarter, production declined 0.1%, while services rose 0.5%.

On a yearly basis, the preliminary U.K. GDP increased 2.4% in the first quarter, missing forecasts of a 2.8 rise, after a 3.0% gain in the fourth quarter.

The Canadian dollar traded higher against the U.S. dollar ahead of a speech by the Bank of Canada Governor Stephen Poloz.

EUR/USD: the currency pair increased to $1.0949

GBP/USD: the currency pair rose to $1.5304

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:45 Canada BOC Gov Stephen Poloz Speaks

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y February 4.6% 4.7%

14:00 U.S. Consumer confidence April 101.3 102.6