France July preliminary CPI +4.3% vs +4.3% y/y expected

<ul><li>Prior +4.5%</li><li>HICP +5.0% vs +5.1% y/y expected</li><li>Prior +5.3%</li></ul><p>The slightly lower readings here compared to June is a welcome development for the ECB, after yesterday's change in language. At this juncture, even if there is to be another rate hike after the summer, it will most likely be the last in this cycle.</p>

This article was written by Justin Low at www.forexlive.com.