The estimated CPI in September 2016 annual inflation is 0.3%, according to the leading indicator compiled by the INE. This indicator provides a preview of IPC that, if confirmed, would imply a increase of four tenths in the annual rate, since in August this change was -0.1%.
his increase is mainly explained by rising fuel prices (Oil and gas) and electricity, compared to the drop experienced in 2015. Meanwhile, the annual change in the HICP flash is in September 0.1%. If this information is confirmed, the annual rate of HICP increase four tenths from the previous month.
Euro is currently being traded around 1.1220 handle. Pair is likely to find support around 1.12 area and resistance above 1.1280 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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