The euro held steady yesterday and this morning against sterling, as EU leaders announced a flexible Brexit extension. The ECB’s press conference at noon yesterday held few surprises, with the reiteration that key interest rates will remain low at least to the end of 2019 as a minimum.
French and Italian industrial production both grew, with Italian industry posting its first gain (0.9%) since October 2018.
Today is quiet day for economic releases. We will see the French harmonised inflation rate and, on Friday, German wholesale prices.
