Germany Producer Price Index (MoM) meets expectations (-0.2%) in November

Martin Weale, one of the Bank of England's policymakers who has been hawkish in his stance so far supporting raising rates from BoE’s record low levels, threw in quite a surprise when in an interview with The Telegraph he said tighter monetary policy was “slightly less immediate". Falling oil price and poor wage growth which is keeping a lid on prices is believed to have altered Weale’s thinking.