Here Comes UK GDP...

At 9:30 a.m. GMT (4:30 a.m. ET) the UK's GDP figures for the fourth quarter come out, showing just how the UK economy performed in 2014.

Analysts are expecting a slight slowdown in growth in the final three months of the year, back to 0.6% quarter-on-quarter, from 0.7% in Q3.

The UK had some disappointing construction and industrial production figures to cap off 2014, but on the other hand retail sales swelled by 4.3% year-on-year in December.

That followed a 6.4% boost year-on-year in November, as consumers were driven into a frenzy by Black Friday deals.

If analysts are right and growth was 0.6% in the final quarter, growth for the whole year will come in at around 2.7%, the strongest full calendar year since before the financial crisis.