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shows ambiguous dynamics against the , remaining close to the local highs, updated in the middle of last week. statistics from Europe, published on Friday, failed to support the euro, so investors retained their correction attitude. Investors were focused on data on consumer inflation in the Eurozone in January, as well as on statistics from Germany, which recently shows a weakening of economic growth. The in January fell by 1.0% MoM after zero dynamics last month. Analysts were expecting a decline of 1.1% MoM. German statistics reflected the preservation of the previous GDP growth rates in 4Q2018: by 0.0% QoQ and 0.6% YoY. Investors were disappointed by the Ifo business data. The February index of business optimism fell from 99.3 to 98.5 points, below the market expectations of 99.0 points. The index of economic expectations for the same period fell from 94.2 to 93.8 points, with a constant forecast.

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During the Asian session, the is growing against the . The British currency is developing a strong momentum, formed at the end of last week, which allowed the instrument to correct from local minima of January 15. On Friday, the pound was supported by strong retail sales data from the UK.

In January, sales increased by 1.0% MoM and 4.2% YoY, which turned out to be significantly better than forecasts (0.2% MoM and 3.4% YoY). The indicator without fuel and cars grew by 1.2% MoM and 4.1% YoY.

Today, moderate support is provided by data on the dynamics of the Rightmove housing price index. In February, the indicator rose by 0.7% MoM after rising by 0.4% MoM last month. YoY, the index slowed down from 0.4% YoY to 0.2% YoY.

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In the Asian session, the pair was moderately growing and is now trading at 1.3040. In general, the currency continues to remain under pressure. Prime Minister Theresa May continues consultations on deal with Members of Parliament. Some hope of a compromise with the EU came after German Chancellor, Angela Merkel, noted that new British proposals on the Irish border should be heard.

During the day, the January the UK Services is expected to be published, which, following the Manufacturing and Construction PMI, may be weak (a decrease from 51.2 to 51.1 points is expected), which may put additional pressure on the pound.

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The pair rose at the Asian session and is now trading at 1.1410. The market remains optimistic after the temporary cessation of the in the United States.

During the day, European will be waiting for the speech of the President Mario in the European Parliament. Perhaps he will share his opinion on the state of the European economy. Last week after the regulator's meeting, Draghi noted that the risks to the growth of the European had become negative, which is associated with geopolitical factors and the threat of protectionism. However, the likelihood of a recession in the euro area is low.

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Quotes of the pair went down to 1.1355 against the background of low trading activity. Investors are waiting for the publication of data from the area on Economic Sentiment.

The indicator is expected to amount to –20.1 points in January against –21.0 points a month earlier. Despite the expected small increase in the indicator, pessimism in European business circles will continue to prevail, which could adversely affect the Euro.

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continues showing negative dynamics having declined to 1.2856 during the Asian session. There are no significant releases planned in the calendar today. All eyes are on PM Theresa May today, as she is set to submit an alternative option for the country's withdrawal from the EU to the UK Parliament.

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The is moving horizontally paired with the , falling against the and the currency, but is strengthening against the .

The instrument is supported by statistics from the USA published yesterday. The number of initial jobless claims dropped to 213K from 216K a week earlier, which is the lowest level in the last 5 weeks.

Philadelphia Fed was better than expected reaching 17.0 points in January against 9.1 points a month earlier.

Today, investors are waiting for the publication of data on in the US. It is expected that the indicator will fall to 0.2% in December from 0.6% a month earlier. If this assumption is right, it will put pressure on the US dollar in the short run.

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The is moderately growing against most majors, with the exception of the . The instrument is supported by the Beige Book published yesterday by the US , according to which economic activity increased in most districts of the country.

There is a moderate or modest rise in prices, as well as high demand in the labor market. Most companies generally retain a positive outlook on the prospects for the economic situation. Investors reacted to the publication by purchasing US currency. releases able to affect today include data on Building Permits and on Initial Jobless Claims (15:30 GMT+2).

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showed ambiguous dynamics on Tuesday amid heightened volatility caused by the outcome of a vote in the on withdrawal from the .

Quotes fell to the level of 1.2667, after which they quickly returned to the level of 1.2869, where they are trading during today's Asian session. Yesterday, the British 's rejected an agreement prepared by the government of Theresa May and the EU.

The instrument today may be affected by the speech of the head Mark Carney (11:15 GMT+2), as well as statistics on the CPI in the UK in December (11:30 GMT+2).

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The pair is rising actively and has reached the 108.74 level during the . Due to the absence of significant releases in Japan, the movement of the instrument is mostly technical.

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After a brief rise on Friday and a test of 1.1539 abruptly changed the trend and declined to the level of 1.1476. Today, investors will pay attention to statistics on the in the area.

It is expected that on a monthly basis, the value of the indicator will decline to –2.3% in November from 1.2% a month earlier, and on an annualised basis it is expected to drop to –1.5% in November from 0.2% a month earlier. If the forecast proves right, the pair will fall under pressure.

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