Euro-zone consumer inflation rose to 2.0% for February from 1.8% and was in line with expectations,
SGM-FX Fri 3 Mar 2017
Provisionally, Euro-zone consumer inflation rose to 2.0% for February from 1.8% and was in line with expectations, although this was the strongest reading for four years.
Unemployment held at 9.6% for January with markets waiting for any signal of a policy change from the ECB and the inflation data did not provide support to the Euro.
Policy is expected to remain on hold at next week’s Council meeting, although comments from President Draghi will be watched closely.
Related Insights
Daily Brief – British Pound
Humphrey Percy
Wed 15 Jan 2025
British Pound With a GBP 4 billion auction of 10 Year Gilts today, markets are watching carefully as higher long term rates put pressure on the UK Chancellor and GBP bounces around between USD 1.21 and 1.22. After 6 consecutive trading sessions with GBP weaker and a low of 1.2097 which has taken its toll, […]
Daily Brief – Europe
Humphrey Percy
Wed 8 Jan 2025
Europe With EU annual inflation coming in at 2.4% up from 2.2%, conventional wisdom might suggest that that might dampen the ECB’s enthusiasm for an early cut in EUR interest rates at the end of January. But such is the weakness pervading the EU economies, it is more likely that the hawkish tendencies at the […]
Daily Brief – Most Valuable Currencies in the world as at January 2025
Humphrey Percy
Mon 13 Jan 2025
Most Valuable Currencies in the world as at January 2025 Not a surprise that the Kuwaiti Dinar at $3.24 tops the league table nor that the Bahraini Dinar $2.65 and the Omani Riyal at $2.59 are also in the top 5. But maybe UK Chancellor Reeves should pay more attention to the magnificent legacy for […]
