Baker Hughes oil rig count. USA, 20:00 (GMT+2) 20 Dec

At 17:00 (GMT+2), December data on the consumer confidence index in the EU countries is due, calculated based on a survey of 2.3K households that assess the prospects for the economy. It is a leading indicator for consumer spending, its high values ​​indicate consumer optimism, and vice versa. In December, the indicator is likely to accelerate the negative dynamics from –13.7 points to –14.0 points, putting pressure on the euro.

At 09:00 (GMT+2), the UK will publish data on Gross Domestic Product (GDP) for the third quarter of 2024 — the main indicator reflecting the state of the national economy, taking into account domestic consumption, investment, government spending and exports. If the indicator continues its negative dynamics on a monthly basis from 0.1% and on an annual basis from 1.0%, this will act as a driver of the downward dynamics of the pound.