Inflation and Trade Figures from the Eurozone and the UK Don’t Change the Situation for GBP and the Euro - Forex News by FX Leaders
Final reading confirms that inflation remains week in the Eurozone

Inflation and Trade Figures from the Eurozone and the UK Don’t Change the Situation for GBP and the Euro

Posted Wednesday, April 17, 2019 by
Skerdian Meta • 1 min read

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.

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