Euro Holds Narrow Range, British Pound Remains Little Changed on Mixed Data

The British Pound rose to a high of 1.6066 during the overnight session, but failed to cross back above the 200-Day SMA at 1.6092 and remains little changed from the previous day as investors anticipate the Bank of England to hold the benchmark interest rate at 0.50% and maintain its GBP 200B asset purchase program at its policy meeting on Thursday.

Talking Points
• Japanese Yen: Down Across the Board
• Pound: Consumer Confidence Unexpectedly Weakens in December
• Euro: Producer Prices Tip Higher in November
• US Dollar: ISM Non-Manufacturing, FOMC Minutes on Tap

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