Latest data released by INSEE - 29 March 2019
- Prior 0.0%
- CPI +1.1% vs +1.2% y/y expected
- Prior +1.3%
- HICP +0.9% vs +1.0% m/m expected
- Prior +0.1%
- HICP +1.3% vs +1.4% y/y expected
- Prior +1.6%
Much like the German readings yesterday, the print here is a tad softer compared to that in February and that suggests weakening inflationary pressures for March. If similar sentiment is reflected in the core reading next Monday, I would expect the euro to be pressured to the downside a little.
For now, EUR/USD is still holding steady at 1.1231 with EUR/GBP a touch lower at 0.8595 on the back of a stronger pound to start the day.
