Recap of European trades: EUR/USD, GBP/USD

Recap of European trades: EUR/USD, GBP/USD
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    The European assets are trading mixed today.
    The British pound holds steady at highs despite weak macroeconomic statistics.
    The services PMI reading, which is the key gauge of the Britain's economic heath,
    increased to 52.2 points versus the expected level of 53.3 points.
    The result also came lower than the previous reading of 53.9 points.
    However, the GBP/USD pair continued trading near the level of 1.3000.
    The news about the UK and EU striking the preliminary deal on Brexit
    provided strong support to the pound sterling.
    Analysts expect the cable to remain strong despite downbeat economic news.
    The European economic calendar is empty today, so the most popular currency pair is declining gradually.
    EUR/USD has already lost about 60 points.
    Currency strategists anticipate that the pair may reach the level of 1.1360 by the end of this trading day.
    This week, traders will pay close attention to the upcoming US Congress election.
    Besides, the Fed monetary policy meeting will also be in focus.
    The outcomes of these events will shape the further dynamics of the EUR/USD pair.
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