Data:

06:30 France GDP, q/q IV quarter +0.3% -0.2% +0.2%

06:30 France GDP, Y/Y IV quarter +1.5% +1.1% +1.4%

09:00 Eurozone ECOFIN Meetings 0

09:30 United Kingdom Claimant count January 1.2 3.3 6.9

09:30 United Kingdom Claimant Count Rate January 5.0% 5.1% 5.0%

09:30 United Kingdom ILO Unemployment Rate December 8.4% 8.4% 8.4%

09:30 United Kingdom Average Earnings, 3m/y January +1.9% +1.8% +2.0%

09:30 United Kingdom Average earnings ex bonuses, 3 m/y January +1.9% 1.9% 2.0%

10:00 Eurozone GDP (QoQ) IV quarter +0.1% -0.4% -0.3%

10:00 Eurozone GDP (YoY) IV quarter +1.3% +0.7% +0.7%

10:00 Eurozone Trade Balance s.a. December 6.1 4.9 9.7

10:30 United Kingdom BOE Gov King Speaks 0

10:30 United Kingdom Bank of England Quarterly Inflation Report Quarter I

The euro declined  amid speculation a Greek aid package could be delayed until after April elections.

The common curency erased gains against the dollar after German government spokesman Steffen Seibert refuted speculation the nation’s policy makers had resigned themselves to Greek insolvency.

EUR/USD: the pair showed high in $1,3190 area then decreased.