Spain June CPI final mm 0.0% as exp

Spain June CPI final readings just out 13 July

  • 0.0% flash
  • yy 1.5% as exp/flash
  • HICP mm 0.1% vs 0.0% exp/flash
  • yy 1.6% as exp/flash
  • core inflation yy 1.2% vs 1.0% prev

Small uptick in HICP mm and core inflation but not going to impact on ccy price right now.

EURUSD still caught in the crossfire with EURGBP selling and EURJPY demand keeping it contained around 1.1450 along with large option expiry interest.

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