France August preliminary CPI +4.8% vs +4.6% y/y expected
<ul><li>Prior +4.3%</li><li>HICP +5.7% vs +5.4% y/y expected</li><li>Prior +5.1%</li></ul><p>Uh oh. Inflation dynamics in France are proving to be more stubborn than anticipated and the rise here is surely going to lead to the bettors pricing in a stronger likelihood of a rate hike by the ECB for next month.</p>
This article was written by Justin Low at www.forexlive.com.
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