The euro was stronger against the pound and weaker against the dollar yesterday afternoon. The single currency was relatively unmoved by Industrial Production data, which showed a month-on-month increase in August. It rose by 0.4%, beating expectations of a 0.3% rise. However, the figures showed a yearly decline of -2.8%, which was worse than the predicted 2.5% decline.
According to a statement from the EU, member states will be updated on the progress of Brexit talks in Luxembourg today. The EU described the talks as “intense technical discussions.” The EU’s chief negotiator, Michel Barnier, has said that a deal is “still possible, but more difficult.”
Results of the German ZEW Survey are due to be released today, which are expected to show a decline in expectations for financial markets.
