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      EMU: Annual PPI at +2.1% in December

      On an annual basis Eurozne PPI was at 2.1% in December, following +2.1% in November, according to data released today by Eurostat. Analysts expected the indicator to rise 2.2%.

      Month-over-month Eurozone PPI fell 0.2% in December after dropping 0.2% in November, as expected.

      EU Dec Producer Price Index (YoY) flat at 2.1%; -0.2% (MoM)

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      Forex Flash: Sell EUR/GBP – Nomura

      Nomura Strategist Geoffrey Kendrick believes that EUR/GBP looks like an attractive short trade ahead.
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