On Tuesday, the focus of market participants will be focused on meeting German Chancellor Angela Merkel and her French counterpart, Nicolas Sarkozy. The main theme of this meeting - the release of Unified European bonds. Positive decision on this matter could have a single currency for more support in the fight against major competitors.
Speaking about the planned to release the news in the first place will be an interesting package of data for Europe (in the UK inflation, GDP in Germany and the euro area), as well as figures on housing construction in the U.S..
Risk appetite is likely to remain so in the absence of negative data from the euro / dollar will try to rise above 1.4500 (as long as the growth will be limited to 1.4600), and GBP / USD - 1.6400 to break up (target - 1.6500).
