Latest data released by Eurostat - 13 February 2019
- Prior -1.7%
- Industrial production -4.2% vs -3.3% y/y expected
- Prior -3.3%; revised to -3.0%
Misses on the figures here but nothing that we don't already know. Factory activity in the region was weak in Q4 last year as a result of massive underperformance in Germany so let's see if that sentiment carries over to the new year in the coming months.
EUR/USD trades near the lows for the day at 1.1316 currently, though in a relatively narrow range. EUR/GBP remains rather flat on the day at 0.8781 at the moment.
