EMU: Annual CPI at 1.1% in September, as expected

FXstreet.com (Barcelona) - According to data released today by Eurostat, Eurozone annual inflation rose 1.1% in September, following 1.3% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis CPI increased 0.5% in September, after climbing 0.1% in August, as expected.

Year-over-year Eurozone CPI Core rose 1% in September, down from 1.1% in August.

EUR/GBP initially tumbles but soon pares all loses on UK data

The EUR/GBP was hovering around 0.8450 before the UK labor data released, but after the solid data reading lost abruptly 25 pips (touched 0.8245) to return soon at its prior levels.
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