“for line in…” results in UnicodeDecodeError: 'utf-8' codec can't decode byte

Question

Here is my code,

for line in open(\'u.item\'):
#read each line

whenever I run this code it gives the following error:

Answer 1

This works:

open('filename', encoding='latin-1')

or:

open('filename',encoding="ISO-8859-1")