UK, German data proves inconsequential........>

FOREX: UK, German data proves inconsequential

-It's been slow going in currency markets so far Tuesday, despite a pickup in

datapoints for traders to digest. UK data was mixed-to-poor, with figures

showing the economy was flat for the three months to October - indicating a

distinct lack of momentum headed into the election. Nonetheless, GBP was little

changed as focus remains on this evening's second and final revision to the

YouGov MRP poll, which initially showed a 68 seat majority for the

Conservatives.

-Germany's ZEW survey came and went with little consequence, although EUR/USD

managed to inch to a new high of $1.1080 upon release. Elsewhere, ranges are

more contained, although there's modest evidence of risk aversion with

Antipodean FX lower alongside equities and haven currencies faring slightly

better. NOK came under pressure following a weaker-than-expected regional

network survey, which will likely give further justification for unchanged rates

at next week's Norges Bank meeting.

-ECB's Visco speaks in Rome and US nonfarm productivity is due.