Market chatter on Tuesday morning also involved the possibility of quantitative easing by the European Central Bank with its governing council set to meet in the latter part of next week.
Read MoreWhat global slowdown? US economy surges in Q3
U.S. stocks turned lower on Tuesday, after the S&P 500 hit another peak, after data had the U.S. economy growing more than previously forecast in the third quarter and consumer confidence dipped in November.
The Commerce Department reported gross domestic product climbed at a 3.9 percent annualized rate, up from an initial 3.5 percent estimate.
In the U.K., Bank of England Governor Mark Carney testified in front of the Treasury Select Committee. He moved to reassure lawmakers and investors that the bank could still use stimulus measures despite being on-track to normalize interest rates next year. He said that it has "considerable flexibility" were it to become necessary to provide extra stimulus.
Read MoreBank of England 'flexible' on policy turnaround