Latest data released by Eurostat - 13 March 2019
- Prior -0.9%
- Industrial production WDA -1.1% vs -2.1% y/y expected
- Prior -4.2%
That's a beat on expectations and will only add to the recent uptick in Eurozone economic data as of late. That being said, the data here is for January and we'll have to see if the coming months can offer more of the same in order for markets to feel confident about a shift in the ECB dial down the road.
EUR/USD holds near the highs at 1.1298 currently, just under the 1.1300 handle where near-term price action may be kept limited. EUR/GBP holds lower at 0.8600 as the pound remains firm since the early European morning.
