Germany Oct CPI flash mm 0.0% vs 0.1% exp

Germany Oct CPI flash readings just out 30 Oct

  • 0.1% prev
  • yy 1.6% vs 1.7% exp vs 1.8% prev
  • HICP mm -0.1% vs 0.1% exp vs 0.0% prev
  • yy 1.5% vs 1.7% exp vs 1.8% prev

No great surprise in the softer readings given the regionals out earlier. Even with that though it’s not good news for the ECB who understandably remain cautious as we saw last Thursday.
EURUSD 1.1611 as EURGBP breaks down through 0.8800 to post 0.8793. More support/demand into 0.8780-85. GBPUSD failing to break 1.3200 with any conviction so far.                                          Article Source

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