Financial markets are already starting to slow down and with little in the way of economic data or events today the likelihood of any sizeable moves in the fx space is limited at best. Get your market update from nickcawley1 here:
published today, ECB chief economist Philip Lane suggested that Euro Area inflation may be peaking and that price pressures may drop sharply later in 2023.
‘It’s probably too early to make that judgment, but I would be reasonably confident in saying that it is likely we are close to peak inflation. But whether this already is the peak or whether it will arrive at the start of 2023, is still uncertain. The main uncertainty is that we’ve seen so much volatility in gas prices. In some countries, consumer prices have moved a lot, while in others for example some utility companies have not yet finished hiking prices.
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