Eurozone Jan core CPI yy flash 1.0 % vs 1.0% exp

Eurozone Jan CPI yy data now out 31 Jan

• 0.9% prev
• CPI estimate yy 1.3% vs 1.2% exp vs 1.4% prev

Core in line with exp and beating prev but tempered by softer CPI estimate

EURUSD breathes a sigh of relied that it was not worse and posts 1.2460 while EURGBP continues its rally to post 0.8816 before running into sellers with GBPUSD back up to 1.4142 from 1.4127.

Not hearing that the demand is month-end related or just general GBP softness. Matters not. Go with the flow.