Spain’s Q4 GDP falls 0.3% vs. prior quarter, according to Bank of Spain
Eur/Usd is off slightly to 1.2918.
1-23 Economic Calendar
Sarkozy says Eurozone still facing danger
Eur/Usd down to 1.2890.
UK Retail sales rise 0.6% in December, matching forecast
Gbp/Usd trades at 1.5470 after news, down 5 pips.
UK’s Broadbent on the wires
* MPC not dealing in fine tuning policy
* BOE to keep forecast of flat Q4, Q1
* risks to UK overwhelmingly from Europe, downside risks lessened slightly over last 6 months
German PPI down 0.4% in December, a 0.1% rise was expected
Eur/Usd has come off 7 pips to 1.2968 on heels of news.
1-20 Economic Calendar
Fitch expects rating downgrade in 6 Eurozone countries
Ratings review should conclude by end of month.
Eur/Usd dropped to 1.2868 on news.


