Will a Better Than Expected Euro-Zone CPI Estimate Keep the Bullish EURUSD Trend Intact?

Euro-Zone consumer prices estimate for the month of December is expected to rise an annualized 2.0 percent after climbing 1.9 percent in November. The reading is of particular importance due to the fact that inflation pressures lead the European Central Bank closer to raising the benchmark interest rate.

Forex: Euro, British Pound Rally As U.K. PMI Manufacturing and Euro-Zone CPI Estimate Tops Expectations

The British pound pared yesterday’s losses against the greenback as the U.K. PMI manufacturing report in December rose to 58.3 amid expectations of 57.2 to mark the highest reading in 16 years.