Euro (€) Currency Thread

inspector_monkfish

dealsearcher wrote: »

Inspector,

I may well start to believe in the conspiracy theories. :eek:

tell you what mate, something ain't right........and I am an Inspector...

inspector_monkfish

back over 1.09

dealsearcher

........... phew!

inspector_monkfish

inspector_monkfish wrote: »

back over 1.09

...back under 1.09 :cool:

inspector_monkfish

09:00 10Mar09 ITALY JAN PPI -0.8 PCT M/M, -2.0 PCT Y/Y (CONSENSUS FORECAST -0.4 PCT M/M, -0.3 PCT Y/Y)
09:00 10Mar09 ITALY JAN PPI NET OF ENERGY -0.8 PCT M/M, -0.2 PCT Y/Y -ISTAT
09:00 10Mar09 Italy producer prices fall 0.8 pct m/m in Jan
Mar 10 - Italian producer prices for goods sold in
the internal market fell 0.8 pct month on month in January on
lower prices for intermediate goods and lower energy prices,
with the year-on -year rate falling to -2 percent, data showed
on Tuesday.
The data was based on a revised index with 2005 set as the
base year. Previous data was based on 2000 as the base year.
The median forecast of analysts polled by Reuters had
pointed to a 0.4 percent m/m fall, and a 0.3 percent y/y
decline.
Net of energy PPI fell 0.8 percent m/m and was down 0.2
percent y/y.
December's headline PPI rate was revised down from an
originally reported -1.3 percent m/m, +0.6 percent y/y.

inspector_monkfish

1.0880 just before the UK numbers

inspector_monkfish

09:30 10Mar09 UK Jan industrial output falls at fastest annual pace since 1981

LONDON, March 10 (Reuters) - British industrial output fell more than twice as fast as expected in January and shrank at its fastest annual pace since January 1981, official data showed on Tuesday.

The Office for National Statistics said industrial production, which makes up 18 percent of economic output, fell 2.6 percent in January, much worse than the 1.2 percent drop forecast by analysts.

That took the annual rate of decline to 11.4 percent. Industrial output in the three months to January fell by 7.1 percent compared with the previous three months, the biggest fall since March 1974.

The figures suggest Britain's economic downturn may have accelerated at the start of this year. Britain entered recession last year and GDP shrank at its fastest pace since 1980 in the last three months of 2008.

Manufacturing output, which accounts for around 14 percent of the economy, fell by 2.9 percent on the month against forecasts for a 1.4 percent fall. This brought an annual fall of 12.8 percent, also the steepest decline since January 1981.

In the three months to January compared with the previous three months, factory output fell by 6.4 percent, its biggest drop since records began in 1968.

The ONS said that 12 manufacturing sectors recorded declines, with especially significant falls in transport equipment, basic metals and metal products, machinery and equipment, and chemicals and man-made fibres.

inspector_monkfish

trading 1.0865

inspector_monkfish

trading 1.0890

dealsearcher

So clearly we are doing much worse than euroland. It's obvious, right?