Besides the focus on month-end flows to wrap up the week, the barrage of inflation data will at least keep things interesting in the European session ahead. Now, they are likely to just reaffirm that price pressures continue to hold up somewhat in August. As such, that won't change the narrative whatsoever for the ECB.
The central bank is on pause mode through the summer and for now, markets are also anticipating that policymakers will not have much conviction to even cut rates again by year-end.
The money market pricing shows just ~9 bps of rate cuts by the end of the year. So barring any major surprises, the threshold is quite high for the data today to provoke any meaningful market reactions.
This article was written by Justin Low at investinglive.com.Hence then, the article about inflation data in focus in europe today to wrap up the month was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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