GBPUSD and EURUSD 3/12/2012

Gbpusd Daily 

Optimism Builds in Europe after European Markets Rally 2% for the month of November

Eurusd Daily

German And euro Manufacturing PMI Comes out in Line With Expectation

Germany Consensus 46.8 Actual 46.8 Previous 46

Means

Germany Economic growth is not contracting in the 4^th quarter which was widely expected   by the markets