EUR: Euro dips in anticipation of higher inflation rates

Yesterday the euro continued to strengthen sharply against the pound, however this morning the euro has dipped against sterling in anticipation of today’s eurozone inflation rates. Markets are expecting inflation to hit 9.1%

Against the dollar, the euro is still choppy this morning but has weakened by around 0.02%.

France’s YoY inflation rate was released this morning. The previous rate hit 6.1%, the highest in nearly 40 years however, this morning’s figures gently decreased to 5.8%, beating market expectations of 6%.

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