Data:

09:30 UK Claimant count (November) 3K

09:30 UK Claimant count rate (November) 5.0%

09:30 UK Average earnings (3 months to October) Y/Y 2.0%

09:30 UK Average earnings ex bonuses (3 months to October) Y/Y 1.8%

09:30 UK ILO Jobless rate (October) 8.3%

10:00 EU(17) Industrial production (October) -0.1%

10:00 EU(17) Industrial production (October) Y/Y 1.3%

The euro fell below $1.30  as Italian borrowing costs increased at a debt auction and Spanish banks’ borrowings from the European Central Bank climbed by the most in a year.

The euro declined as European stocks declined, damping demand for the region’s currency.

Italy sold 3 billion euros of five-year bonds, the maximum target for the auction, and borrowing costs rose to the highest since 1997 as Parliament prepared to approve a 30 billion-euro emergency budget plan. The Treasury sold the bonds to yield 6.47 percent, up from 6.29 percent at the prior auction on Nov. 14.

EUR/USD: the pair has shown low in  $1,2960 area then returned back above $1.3000.

GBP/USD: the pair was in $1.5460-$ 1.5530.

USD/JPY: the pair has grown above Y78.00.