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3 Numbers: Italian industrial output on track to rise in June
Italy’s surprisingly resilient run of encouraging economic news of late is expected to continue with today’s June report on industrial production. Later, a second quarter update on US labour costs will be widely read in the wake of a Federal Reserve official's forecast that low inflation will persist. Meanwhile, all eyes in forex trading will stay focused on GBPUSD, which has weakened since last week’s dovish policy statement from the Bank of England. Italy: Industrial Production (0800 GMT) The crowd will be eager to learn if today’s hard data on industrial activity brings another round of upbeat economic ... (full story)