Latest data released by Istat - 28 September 2018
- Prior +0.4%
- CPI +1.5% vs +1.7% y/y expected
- Prior +1.6%
That's a miss on inflation estimates here and is likely one of the reasons why the Eurozone inflation figures also performed slightly weaker than anticipated. The focus of markets was for the Eurozone core reading and that missed expectations. As a result, the euro has been marked lower. EUR/USD now dips to 1.1606 to session lows while EUR/GBP trades at 0.8881 and EUR/GBP hovers near the lows at 131.72.
