Data:

08:30 United Kingdom BOE Credit Conditions Survey Quarter III

10:00 United Kingdom CBI retail sales volume balance September -3 6 6

12:00 Germany CPI, m/m (preliminary) September +0.4% 0.0% +0.4%

12:00 Germany CPI, y/y (preliminary) September +2.1% +2.0% +2.1%

During the European session, the euro fell against the dollar and said two-week low against the yen amid concerns about Spain. Spain was under pressure due to the fact that in the next two days there will be announced on the budget, banking and structural reforms, and yet the market still remains little hope that the country asks for help. In addition, there is a risk downgrades by Moody's at the end of this week. Bank of Spain considers that in Q3. Spanish GDP can be significantly reduced, given recent economic data.

In Italy, the volume of retail sales in September fell by 0.2% m / m and 3.2% y / y vs. -0.5% y / y in August. French consumer confidence index in September fell to around 85 vs. 86 and 87 August result. Germany held an auction of 10-year bonds, being able to sell the securities in the amount of € 3.19 billion from € 5 billion of planned yield also increased from 1.42% to 1.52%.

British pound showed an increase against the U.S. dollar after a study of retail trade in Britain showed a positive result. In September, retailers reported increased sales, predicting positive momentum in the next month, as announced today the Confederation of British Industry.

According to the study CBI, based on information collected during the first two weeks of this month, 33% of retailers reported an increase in sales compared to the index registered in the previous year, while 27% reported a drop in sales. Thus, the balance amounted to 6, in line with analysts' forecasts. Value is also improved compared to the previous month, when the balance reached 3%.