Eurozone Feb PPI mm 0.1% vs 0.0% exp

Eurozone Feb Producer Price Index data now out 5 April

• 0.4% prev
• yy 1.6% vs 1.5% exp vs 1.6% prev revised up from 1.5%

MM better than expected but worse than previous. YY a little more encouraging for pipeline inflation nudging up.

EURSUD still trawling around 1.2265 EURGBP nudging up to 0.8730 helping to cap GBPUSD above 1.4050.