Market insights

Eurozone Inflation Report Out Later

Yesterday saw Germany report an unexpected 2.6% annualised growth reading for its inflation.

This was against the predicted 2.4%.

And these minor discrepancies can have real repercussions.

The inflation number is the main driver of a central banks interest rate decision.

Low interest theoretically leads to high inflation and vice versa as the base rate is used as a lever to control spending.

Today sees the Eurozone reading with analysts expecting annualised growth of 2.4%.

Other than that it's a relatively light day for news and reflected in current market rates which are in a sideways pattern.

Business news is also thin with an eye on upcoming changes to stamp duty in the UK.

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Economic calendar

EUR: 10:00 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.
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