Due to this decision, there was a large sell-off of USD due to widespread concerns.
On the data front, this week is pretty predictable and minimal as not much data due to be released. The main data due out this week is from the US in the form of GDP and PCE, both out on Friday.
Sterling had a better day on Friday and recovered after its multi year lows and is expected to continue to be at this level or maybe continue a slight rally but only for the short term. On the data front, the main data due out is mortgage approval tomorrow.
The Euro made gains against the US on Friday with almost reaching the 1.45 mark, as Oil prices increased and US weakened across board. There is a large focus on Germany with it getting closer to going into recession by the end of the year. Germany's IFO figures out on Wednesday, The Gfk Consumer Confidence on Thursday and PMI due out tomorrow should support this.