The EUR received a boost Monday by a report that stated that Europe's manufacturing and services industries grew more than initially estimated. The EUR bought $1.4657, up from $1.4576 on Friday. The common currency traded at 130.79 Yen from 131.15 Yen. The British Pound traded at $1.5942, down about 0.1% from late Friday while the EUR rose 0.7% to 91.96 pence.
Europe's manufacturing and service industries expanded in September for a second month, rising to 51.1, from 50.4 in the previous month. The EUR was also boosted by Ireland's overwhelming approval of an agreement to overhaul the European Union's decision-making process in Friday's referendum.
Today traders will be focusing on the GBP with the release of the Halifax HPI at 8:00 GMT and the Manufacturing Production at 8:30 GMT. Better than expected results might provide a much needed boost for the Pound.