Latest data released by INSEE - 9 February 2018

  • Prior m/m -0.5%; revised to -0.3%
  • Industrial production y/y +4.5% vs +3.5% expected
  • Prior y/y +2.5%
  • Manufacturing production m/m +0.3% vs -0.5% expected
  • Prior m/m -1.0%; revised to -0.8%
  • Manufacturing production y/y +4.7% vs +3.4% expected
  • Prior y/y +3.0%; revised to +3.1%

Solid numbers to end the year, and better revisions as well. Nothing too major but the euro is looking perky as European trading gets going again.

EUR/USD now at session highs of 1.2280, EUR/GBP is at 0.8781 as sterling continues to gain further on the day. EUR/CHF also at the highs at 1.1524.