07:45 France Consumer confidence January 85 85 86

09:30 United Kingdom GDP, q/q (Preliminary) Quarter IV +0.8% +0.8% +0.7%

09:30 United Kingdom GDP, y/y (Preliminary) Quarter III +1.9% +2.9% +2.8%

10:00 Eurozone ECOFIN Meetings January

The euro fell against the U.S. dollar against the background data on import prices in Germany. As shown by the data published by the Federal Statistical Office , import prices in Germany fell twelfth consecutive month in December, but in a lesser degree than in the previous month . The import price index fell by 2.3 percent in December compared with the corresponding month in 2012 . This followed a 2.9 percent drop in November. Prices are already falling regularly since December 2012 . Economists had forecast a slower decline by 2.2 percent in December 2013 . Index was influenced by a 5 percent fall in energy prices as well as falling to 15.5 per cent in the cost of non-ferrous metals . Prices for the products of iron, steel and alloys were 5.4 percent lower than a year earlier.

On a monthly basis , import prices were unchanged in December , after an increase in November to 0.1 percent. Expectations were level rise by 0.2 percent. Overall, in 2013 the import price index fell by 2.6 per cent per annum, after rising 2.2 percent in 2012 . The decrease was due mainly to a fall 7 percent in energy prices.

Department of Statistics also reported that in Germany, export prices decreased at a slower annual rate of 1 percent in December compared with a decline of 1.1 percent in the previous month . On a monthly measurement of export prices fell by 0.1 percent , after being unchanged in November.

At the beginning of the session, some support for the single currency was data on consumer confidence in France. The consumer confidence index rose to 86 in January from 85 in December and 84 in November. Economists had forecast the index to remain unchanged at December . Estimation by consumers of their past financial situation was essentially unchanged in January compared with the previous month . Meanwhile , their expectations of personal finances in the coming months were more optimistic, corresponding sub-indicator rose to -18 from -20 in December.

The survey showed that the number of households that said in January the best time to make major purchases and savings increased. Similarly , their expectations about future ability to save , were more optimistic. Measure attitudes households past state of the French economy grew by 2 points to -71 in January. At the same time , their expectations for the future state of the economy showed further improvement . Prospects indicator rose to -45 from -49 .

British pound reacted negatively to the preliminary data on GDP. Economic growth in the UK fell in the last quarter of 2013, and it is a slight slowdown can strengthen the authorities' determination to continue to promote , to support further growth . British National Bureau of Statistics (ONS) said on Tuesday that the gross domestic product in the 4th quarter increased by 0.7 % compared to the 3rd quarter , after rising 0.8% in the previous two quarters.

Compared with the same period of the previous year , GDP grew by 2.8%. Downturn in the construction industry in November was a major factor slowing , reported ONS, which estimates that production decline in the sector for the quarter was 0.3 %. In other sectors, there was an increase .

EUR / USD: during the European session, the pair rose to $ 1.3688 , but then fell to $ 1.3628

GBP / USD: during the European session, the pair rose to $ 1.6624 , but then fell to $ 1.6534

USD / JPY: during the European session, the pair rose to Y103.25

In the U.S. at 13:30 GMT will change in orders for durable goods , including excluding transport equipment for December, in 14:00 GMT - the index of home prices in 20 major cities of S & P / Case-Shiller, national composite house price index S & P / CaseShiller November in 15:00 GMT - indicator of consumer confidence for January . At 23:30 GMT Australia will present leading index of economic activity from the Westpac-MI in December.