Analysts at Rabobank noted the key events ahead today. Key Quotes: "Today we get the second estimate of German Q4 GDP ahead of the IFO survey, which is seen edging down slightly on all three measures (business climate, current assessment, and expectations). Various BoE members are testifying in parliament, including Carney, Shafik, Vieghe, and Weale; we also hear from the ECB’ Nouy later in the day. There’s a rate decision in Turkey, where no change is expected from the 7.50% repo rate. Data-wise, in the US we also have the S&P/CS house price index (seen up 5.8% y-o-y), as well as consumer confidence (consensus: a slight dip to 97.2), and existing home sales (consensus: -2.5% after the 14.7% surge in December)." For more information, read our latest forex news.