Italy: Consumer Price Index (EU Norm) (YoY) (Mar): 1.8% vs 2% in Feb.

Mar 29, 2013

Italy: Consumer Price Index (MoM) (Mar): 0.3% and (YoY): 1.7%

Forex: GBP/USD just below 1.5200 after European data

The GBP/USD has fallen to as low as 1.5178 before the release of French consumer spending (disappointing investors at -0.2% vs +0.4% consensus) and producer prices (at +0.4% vs +0.3% consensus). As the pair bounces back towards the 1.5200 mark, Italian data has been published. The market remains just below the psychological level.