There was disappointing data released from the eurozone yesterday, which flew under the radar given the ongoing news surrounding the Trump administration. It was reported that industrial output declined by 0.6% during the month, giving up half the previous month’s gains. This is not that much of a surprise given the increase in the strength of the single currency which makes its goods more expensive.
It is likely that it will be a quieter day today as France and Italy are on a bank holiday. However, the first release of the German Gross Domestic Product is set to hit the wires and could indicate that the pace of growth has increased.