Italian industrial production showed an increase yesterday year-on-year, in a positive sign for the country’s beleaguered economy. It was, however, still below expectations, so we did see a small weakening in the euro.
Overall, however, euro is still at one of its strongest levels against sterling since January, but, with no internal releases today, it is very open to impact from external sources. The single currency is also up against the dollar, with some analysts predicting a rise over the next week.
