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Italian politics and COVID-19 vaccination rates remain negatives for the EUR. Economic data from the EUR and the U.S will influence market risk appetite later in the day.
It's a busy day on the economic calendar, with service sector PMIs in focus. Direction on the day, however, will likely be hinged on the Georgia runoffs.
While economic data from the U.S will draw attention, the House of Commons Brexit vote and Capitol Hill will likely be key drivers.
With a number of major markets closed for the day, COVID-19 vaccine news and chatter from Capitol Hill will be in focus.
It’s a relatively quiet day ahead on the economic calendar. Finalized 3 rd quarter GDP numbers are due out of Spain in the early part of the session. We don’t expect the numbers to influence the EUR, however, with Brexit and COVID-19 in focus as the holidays approach. At the time of writing, the EUR was up by 0.09% to $1.2174. For the Pound It’s a particularly quiet day ahead on the economic calendar. There are no material stats to consider through the day, leaving the Pound in the hands of Brexit news. At the time of writing, the Pound was up by 0.19% to $1.3386.