Latest data released by Eurostat - 4 December 2018
- Prior +0.5%; revised to +0.6%
- PPI +4.9% v +4.5% y/y expected
- Prior +4.5%; revised to +4.6%
A positive beat along with positive revisions here, but once again, the data here is very much a lagging data point as it acts as a proxy for inflationary pressures and we already had November CPI figures for the Eurozone last week. EUR/USD holds near the highs at 1.1410 currently, EUR/GBP a little lower on the day at 0.8908.
