Latest Italian trade balance data for January
- prev revised up from +6bln
- EU trade balance €+521m vs +83m prev revised down from +105m
A big miss on previous total trade balance only partially tempered by better results closer to home.
Meanwhile EURUSD giving up on 1.1300 for the moment and dropping back to 1.1276. EURGBP still close to breaching 0.7900 but no further advances while EURJPY rally from 125.60 falters into 126.20.
