Latest data released by Eurostat - 2 April 2019
- Prior +0.4%; revised to +0.3%
- PPI +3.0% vs +3.1% y/y expected
- Prior +3.0%; revised to +2.9%
A slight increase in producer prices for February but the data release here matters little considering that it is a lagging indicator of inflationary pressures. We already got the CPI release for March yesterday so the figures here aren't all too important.
EUR/USD continues to sit a little lower near the 1.1200 handle, while EUR/GBP is up to 0.8585 as the pound stays weaker on the day.