The common currency Euro remains weak on signs of economic growth slow down. For GBP there’s Brexit trauma following Theresa May’s decision on Monday to pull the plug on today’s parliamentary vote postponed left the door open to a disorderly Brexit with no deal, a last-minute deal or another EU referendum. Meanwhile Brexit and U.S – China trade chatter will be in focus for this week but there will be Average Hourly earnings report & Germany ZEW Economic Survey which will be the highlight for today.
Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fueled an unlikely dollar rally this year. However, weak data in recent weeks has clouded the currency’s prospects for next year