Euro is down against the pound this morning, after a day of being largely influenced by happenings in the UK. Also putting pressure on it is the continued dispute over the EU’s quantitative easing programme, with officials saying the EU could sue Germany if it stops paying its portion. The move comes after Germany’s constitutional court ruled that the country’s contributions were not ‘proportionate’ and that the ECB would have three months to make the case that they are.
Italian industrial production continued to fall at record levels, hitting almost -30%, a faster decline than expected.
