Eurozone April PPI report now out 2 June

  • -0.3% prev
  • yy +4.3% vs 4.5% exp vs 3.9% prev

Softer data suggests a slowdown in inflation or at least the pace of it as it makes its way into the CPI headline data.

EURUSD unfazed at 1.1222 but EURGBP higher at 0.8730 as GBPUSD retreats into 1.2850