The euro saw falls yesterday after industrial orders fell along with German investor confidence.

At the start of the day €1 was worth $1.2809, £0.67815 and 148.97000 yen.

Germany's ZEW Centre for European Economic Research released data that put investor sentiment at the lowest level in over five years.

ZEW put sentiment at -5.6 points on its index - a fall over 20 points. Investor sentiment is now gauged to be well below the historical average of 35 points.

Across the whole eurozone investor sentiment fell 16.8 points to 1.3 on the ZEW index.

Figures from the European Commission also show industrial orders in the eurozone were down by 2.5 per cent in June compared to May. Across the whole European Union they were down 1.2 per cent.

However, compared with a year ago, orders were up 5.2 per cent in the euro area led by machinery and equipment orders.