Latest data released by Eurostat - 7 January 2019
- Prior +0.3%; revised to +0.6%
- Retail sales 1.1% vs +0.4% y/y expected
- Prior +1.7%; revised to +2.3%
A positive surprise on the release here, much like the German reading earlier in the day. There's also positive revisions to boot. That will at least give some form of confidence back to policymakers as spending and consumption patterns remain relatively upbeat in the final quarter of 2018. A minor data point on the day though.
EUR/USD sits at 1.1444 still near the highs for the day. EUR/GBP holds a little higher at 0.8973 while EUR/JPY is a tad higher at 123.78 but little changed since the start of the session.
