Italian unemployment figures came in worse than expected this morning, at 9.9%. Later today, we will see Italian GDP quarterly growth, which is expected to have slowed to zero. We will also see eurozone flash inflation and unemployment rate, expected to hold steady.
The EU and UK have agreed to step up the pace in efforts to secure a deal, with meetings stepped up twice a week between Michel Barnier’s team and David Frost.
The Bundesbank’s Sabine Mauderer cautioned yesterday against basing too many expectations on market predictions, in another reminder of the importance of not trying to second-guess the live markets when making a transfer.
