The December British Pound was the worst performer among major currencies, closing down 0.14% after an inside range day, while the Euro, Japanese Yen, and Canadian Dollar showed relative strength. The British Pound was pressured by soft-to-negative UK economic data, including monthly industrial and manufacturing production, which both came in below expectations and remained negative. Looking ahead to next week, potential clarity on the direction of the US Federal Reserve will come from the minutes of the last FOMC meeting and a flurry of Fed speakers, which could significantly impact the British Pound and other major currencies.