Latest data released by Istat - 30 January 2018

  • Prior 110.5; revised to 110.3
  • Consumer confidence 115.5 vs 116.3 expected
  • Prior 116.6; revised to 116.5

A dip in both consumer and business confidence levels although they are still relatively elevated compared to last year's figures. Not a big deal here.

Meanwhile, we're seeing EUR/USD pare gains on the day at 1.2384 now while EUR/GBP is up to 0.8830. The rise in EUR/USD is also mainly on the back of the dollar retracing earlier gains.