FXStreet (Delhi) – Research Team at TDS, suggests that today flash PMIs for Germany, France, and the euro area are out in addition to the UK retail sales. Key Quotes “We see downside risks to the French PMI services (49.1 vs consensus of 50.1), while the German manufacturing PMI is likely to remain largely unchanged on the month, at 53.2. Also out is the ECB’s Survey of Professional Forecasters, where we’ll be looking closely for signs of deteriorating inflation expectations as a driver for Thursday’s dovish ECB statement. UK: We see upside risks to retail sales in December. The data has been exceptionally choppy in recent months, and while we think warm weather weighed somewhat on December clothing sales, other driving factors will have contributed enough support to keep the number above zero (vs consensus of -0.3% m/m).” For more information, read our latest forex news.