Latest data released by Eurostat - 14 January 2019
- Prior +0.2%; revised to +0.1%
- Industrial production WDA -3.3% vs -2.1% y/y expected
- Prior +1.2%
Worse-than-expected figures here but a lot of the negativity has already been factored in upon the German and French figures released last week. This only further reinforces the idea that Q4 economic activity in the Eurozone is confirming a further slowdown.
EUR/USD sits at 1.1461 still trading in a range between 1.1450-70 levels on the day. EUR/GBP remains relatively unchanged at 0.8931 also sitting in a relatively tight range.
