With all the excitement caused by the Draghi drag and with the jump in inflation, it is easy to forget another euro story: the French elections. Daily opinion polls provide a reminder towards the second round on May 7th. Centrist Emmanuel Macron topped the first round and already began celebrating. However, the polls that showed him easily [...]
The post French Opinionway poll shows Macron stabilizing at 60% appeared first on Forex Crunch.
The drop in inflation seen in March was just a blip. CPI is back on track, rising 1.9% y/y in April. Moreover, core CPI jumps to 1.2%, much better than 1% expected and the highest level since 2013. The rising level of inflation should make the ECB happy, but they will be less welcoming to [...]
The post Euro-zone core inflation at 1.2%, highest since 2013 – EUR/USD jumps appeared first on Forex Crunch.
Brexit begins biting: the economy grew by 0.3% in Q1 2017. This is below 0.4% expected and far worse than 0.7% seen in Q4 2016. Year over year, GDP advanced by 2.1%, also short of 2.2% predicted. GBP/USD is trading at 1.2915. The pair jumped all the way to 1.2944 but retreated in the very [...]
The post UK GDP misses with 0.3% in Q1 2017 – GBP/USD wobbles appeared first on Forex Crunch.
