Inflation and Trade Figures from the Eurozone and the UK Don’t Change the Situation for GBP and the Euro
Inflation ticked lower in UK but unlike in the Eurozone, it remains at decent levels
This morning we had a round of economic data from the Eurozone and the UK. Inflation reports are what traders are most interested in, although they didn’t move the markets today because this was the final reading for March inflation in the Eurozone and usually not much changes from the first reading which takes place two weeks in advance. Here are the figures for all the data today:
| Economic Data | Actual | Expected | Previous |
| UK CPI YoY | 1.9% | 2.0% | 1.9% |
| UK Core CPI YoY | 1.8% | 1.9% | 1.8% |
| UK CPI MoM | 0.2% | 0.2% | 0.5% |
| UK PPI MoM | -0.2% | 0.3% | 1.0% |
| UK HPI YoY | 0.6% | 1.3% | 1.7% |
| UK RPI YoY | 2.4% | 2.6% | 2.5% |
| Eurozone CPI YoY | 1.4% | 1.4% | 1.4% |
| Eurozone Core CPI YoY | 0.8% | 0.8% | 0.8% |
| Eurozone CPI MoM | 1.0% | 1.0% | 0.3% |
| Eurozone Trade Balance | 19.5B | 16.8B | 17.4B |
| Eurozone Current Account | 26.8B | 33.2B | 37.1B |
All the figures from the UK are red as inflation cools off. Although, it still remains at decent levels, unlike in the Eurozone, which despite remaining unchanged from the prelim reading, look quite soft, with headline CPI YoY at 1.4% and core CPI YoY at 0.8%. But, the monthly number for March looks good at 1.0%, which remains to be seen how it will evolve in the coming months.
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