This morning the euro is choppy against the pound but remains stronger overall. Against the dollar, the euro is weaker.
Eurozone Inflation Rate YoY Final will be released later this morning. The previous inflation rate increased to a new record high of 8.9% in July of 2022, exceeding market expectations of 8.6%. Inflation is predicted to hit 8.9%.
Data on eurozone construction output will also be released today. Figures are expected to fall to 1.8% after last month’s in increase to 2.9%.
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