The euro declined sharply against the USD after weaker-than-expected numbers from Europe. In Germany, the manufacturing PMI of 51.5 and services PMI of 52.5 missed the consensus estimates of 51.8 and 53.4 respectively.
Fri, Dec 14 THERESA MAY BRUSSELS TRIP MEETS ROADBLOCKS
Dec 10 - 16
The British pound plunged to its lowest trading level against the US dollar since April 2017 this week, as British Prime Minister Theresa May faced a leadership challenge from within the ruling Conservative party.
Week 50, Dec 10 - 16 BREXIT VOTE AND ECB MEETING ARE THE KEY MARKET EVENTS TO WATCH