020 7898 0500The euro (EUR) strengthened slightly against sterling (GBP, pound) courtesy of further uncertainty surrounding Brexit, but traded flat against the US dollar (USD) as yesterday was a quiet day within the Eurozone for key economic data.
German factory orders came out worse than expected, posting the worst results seen in Germany in 8 years, dropping 7.4%. This was followed by the release of Italian Producer Price Index (PPI) data, which had seen an increase since the previous reading. The Eurozone Gross Domestic Product (GDP) figure came in line with forecasts.
Another quiet day for the Eurozone today, with a lot of low level data being released. We start the day off with French Imports, French exports and French trade balance data. Followed closely by German Industrial Production figures.
