Latest data released by Markit - 5 March 2019
- Composite PMI 51.9 vs 51.4 prelim
Preliminary readings can be found here. The figures here beat initial estimates and it goes in-line with what we have seen from the French and German readings earlier. This should at least give some confidence to Eurozone investors that things aren't all doom and gloom just yet. Let's see if this can hold up over the next few months or if this is just a temporary reprieve.
EUR/USD managed to pare some early losses rising to 1.1337 but now dips back to 1.1330. EUR/GBP is close to being flat on the day now at 0.8600 currently.
