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

Final reading confirms that inflation remains week in the Eurozone

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 DataActualExpectedPrevious
UK CPI YoY1.9%2.0%1.9%
UK Core CPI YoY1.8%1.9%1.8%
UK CPI MoM0.2%0.2%0.5%
UK PPI MoM-0.2%0.3%1.0%
UK HPI YoY0.6%1.3%1.7%
UK RPI YoY2.4%2.6%2.5%
Eurozone CPI YoY1.4%1.4%1.4%
Eurozone Core CPI YoY0.8%0.8%0.8%
Eurozone CPI MoM1.0%1.0%0.3%
Eurozone Trade Balance19.5B16.8B17.4B
Eurozone Current Account26.8B33.2B37.1B

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.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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