Latest data released by Eurostat - 5 April 2018
- Prior m/m -0.1%; revised to -0.3%
- Retail sales y/y +1.8% vs +2.2% expected
- Prior y/y +2.3%; revised to +1.5%
A miss compared to expectations and poorer revisions. The data points for the Eurozone today has just been disappointing - not like it hasn't been for a while now.
But we're even starting to see consumer sentiment start to dip a little, that's not too encouraging. Again, it's a minor data point but all these are pieces of the puzzle that you fit together to form a view of the economy.
EUR/USD now at 1.2264 off the lows but still down on the day. EUR/GBP at 0.8731 sitting in a tight range. EUR/CHF at 1.1789 near the lows for the day.
