Also there was a record low in Standard and Poor Case Shiller index National Home Prices, which came in at 14.1%. However there was some good data from the US, which saw New Home Sales rising by 3.3% to 526,000 from its previous 509,000. Due out today is Core Durable Goods, which is expected at -0.5% to its previous -0.9%.
The Euro weakened as German Confidence figure came in lower at 4.9 to its expected 5.7. The Euro was further weakened due to the commodity sell off. GDP increased by 1.5% for the quarter. Due out today is Current Account, which is expected to be lower.
Sterling followed the Euro with its weakness against USD yesterday even though there was a quiet day on the data front. The main focus for the Sterling is the Nationwide House Prices due out tomorrow, which is expected to be lower year on year at -2.1% and -0.5% lower but better than the previous figure of -1.1% last month.