Spain Retail Sales (YoY) came in at 2.2% below forecasts (3%) in December

UK’s Q4 GDP data will be released today at 9.30 GMT. Quarter on quarter, GDP is estimated to have increased 0.5 per cent in Q4. Year on year, GDP has likely grown 1.9 per cent in Q4, slower than the 2.1 per cent growth rate seen previously. GDP is forecast to have eased to 2.2% for 2015, down from 2.9% the year before.