Eurozone CPI

May Eurozone CPI Preview: Inflation Insights
As we head into the middle of the week we see data from the Eurozone and Switzerland. At 12:00 AM, the Eurozone CPI will release the preliminary CPI for May. Expectations are for a 0.2% inflation, down from the previous 0.5%.
Eurozone CPI
Later in the day, at 7:00 PM, Switzerland will release Q1 Gross Domestic Product data. The forecast is for the release to hold at 0.3%, the same as the last quarter. A surprise here may impact the Swiss Franc and set economic expectations moving forward.
Eurozone CPI
The last bit of data is for May Eurozone Consumer Confidence, which will be out at 9:00 PM. Consensus is for -14.3, the same as last month’s number, so this will probably give some insight into consumer sentiment and future spending expectations.
Eurozone CPI
The GBP/USD rallied to a high since March 21, hitting 1.2800 before sellers pushed it down to 1.2755. Currently at 1.2776, if resistance holds, a drop to 1.2700 or 1.2635 is possible. Key support is at 1.2743, with resistance at 1.2787.
Eurozone CPI