Spain December industrial output data 8 Feb

  • prev revised down from +4.6%
  • yy SA +1.9% vs +2.8% exp as prev, revised down from +3.2%
  • ind prod mm -0.5% vs +0.2% exp vs +1.5% prev rev down from +1.8%

Soggy report all round. Not a price mover but one to add to the general EZ picture.

EURUSD now down on session lows of 1.0643 and on the back foot again but dip-demand awaits. EURGBP still 0.8530 as GBPUSD falls to 1.2480 on general JPY demand again.

Treasury yields still rising.