Latest data released by Istat - 8 March 2019
- Prior -0.8%; revised to -0.7%
- Industrial production WDA -0.8% vs -3.0% y/y expected
- Prior -5.5%
Much like the French reading earlier, the data here beats expectations but it won't do much to change the notion that the economic slowdown has carried over into Q1 following the ECB decision yesterday. Low-tier data.
EUR/USD holds steady at the highs at 1.1210 currently, though in a narrow range. EUR/GBP sits a little higher at 0.8563 but is little changed on the day as well.
