Italy April CPI flash mm +0.3% vs +0.2% exp

Italy April CPI flash reading 28 April

• 0.0% prev
• yy 1.8% vs 1.6% exp vs 1.4% prev
• HICP mm 0.8% vs 0.5% exp vs 1.8% prev
• yy 2.0% vs 1.6% exp vs 1.4% prev

Stronger inflation as expected but main focus on EZ data as a whole, also showing signs of continued rise.

EURUSD up to 1.0935 EURGBP 0.8445 and EURJPY 121.85