Latest data released by Eurostat - 28 September 2018
- Prior +2.0%
- Core CPI +0.9% vs +1.1% y/y expected
- Prior +1.0%
Despite better-than-expected German inflation readings, it doesn't look like it's enough to lift regional inflation as a whole. Of note, the core reading is marked lower compared to August and misses expectations by quite a bit. That is not encouraging at all for the ECB's inflation rhetoric.
EUR/USD has moved lower on the back of the release here falling to a low of 1.1610 with the 1.1600 handle now in sights. EUR/GBP has also fallen to a low of 0.8880 on the day.
