It’s the final countdown for 2011. We’re going to review some of the final numbers for the year, look at the best trades and make some predictions about 2012.
The economic calendar is empty but we’re expecting some austerity announcements from new Spanish PM Rajoy. Officials denied rumors of 4 billion in cuts and there is considerable uncertainty about how his government will proceed.
Sterling is leading and EUR lagging heading into the US session.
