Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
07:00 United Kingdom Nationwide house price index March -0.1% +0.2% 0.1%
07:00 United Kingdom Nationwide house price index, y/y March +5.7% 5.1%
08:00 United Kingdom MPC Member Andy Haldane Speaks
08:45 United Kingdom BOE Gov Mark Carney Speaks
09:15 United Kingdom MPC Member Dr Ben Broadbent Speaks
10:30 U.S. FED Vice Chairman Stanley Fischer Speaks
12:30 U.S. PCE price index, q/q Quarter IV +1.2% -0.4%
12:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4% 1.1%
12:30 U.S. GDP, q/q (Finally) Quarter IV +2.2% +2.4% 2.2%
The U.S. dollar traded lower against the most major currencies after the weaker-than-expected U.S. economic data. The final U.S. GDP rose at an annual rate of 2.2% in the fourth quarter, missing expectations for a 2.4% growth. A previous estimate was 2.2%.
The personal consumption expenditures (PCE) price index declined 0.4% in the fourth quarter.
The personal consumption expenditures (PCE) price index excluding food and energy increased 1.1%.
The euro traded slightly higher against the U.S. dollar in the absence of any major economic reports from the Eurozone. Concerns over Greece's debt problems weighed on the euro.
The British pound traded higher against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney. He said in Frankfurt on Friday that the central bank's next move will be interest rate hike.
The U.K. house price index increased 0.1% in March, missing expectations for 0.2% gain, after a 0.1% decline in February.
On a yearly basis, the U.K. house price inflation fell to 5.1% in March from 5.7% in February.
EUR/USD: the currency pair rose to $1.0897
GBP/USD: the currency pair increased to $1.4920
USD/JPY: the currency pair fell to Y119.01
The most important news that are expected (GMT0):
14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.2 92.5
19:45 U.S. Fed Chairman Janet Yellen Speaks