Italian industrial sales/orders data now out

  • prev revised down from +2.0%
  • yy WDA +0.8% vs +1.6% prev
  • industrial orders mm +1.6% vs +4.6% prev
  • yy NSA +12.1 % vs +2.2% prev

Softer sales but sharp rise in yy orders. One for general filing. Market focus on German IFO and equities.

Euro recovering its poise therefore. EURGBP now through 0.7600 dragging GBPUSD down through 1.4250