The Eurozone had a quiet start yesterday as the main focus was still on whether the European Central Bank (ECB) will go ahead with quantitative easing. A nervous start against sterling reflected the underlying sentiment around the next meeting of the European Central Bank’s governing council, now only 10 days way. Pressure was maintained on the euro after area inflation posted below-zero at -0.2% in December.
The previous month was also glum on news for Germany, who reported a large fall in factory orders in November. Today looks like a quieter day, with industrial output from Italy the only newsworthy data released – this is forecasted to remain at a slim 0.1%.