With minimal data coming out of the US yesterday, the market remained focused on a raft of key releases out today. The only release for the day saw existing home retail sales come out 5.6% less than expected, but despite this, the impact was muted.
The key release today will be the final growth figure which is expected to show the US economy grew by 4.3%. Also released today we will have new home sales data and statistics on data on core durable goods, whilst on Wednesday we see the weekly unemployment claim. It will be interesting to see how the US dollar fares in the run up to Christmas.