Average annual +3.6%

She told fellow German MPs Bundestag is to vote on the 2nd Greek aid package on Feb 27

According to an  office spokesman  

UK DATA: Q4 SA Construction Output -0.5% q/q; +0.9% y/y ———————————————————————— Construction output fell 0.5% q/q in Q4, which was bang-in line with the forecast used to compile the preliminary Q4 GDP figures — implying no revision from this source.

–Jan Producer Output Prices +0.5% m/m; +4.1% y/y LONDON (MNI) – Output prices rose by more than expected on the month in January but inflation still fell to its lowest level for more than a year, figures released by National Statistics Friday. Output prices rose 0.5% on the month in January and rose 4.1% on [...]

LONDON (MNI) – UK construction output fell by 0.5% in the final quarter of last year, implying no revision to the Q4 GDP data, National Statistics reported today. The quarterly fall was in line with the estimate of a fall of 0.5% used to compile Q4 GDP. NS reported that for 2011 as a whole [...]

UK DATA: Jan Producer Output Prices +0.5% m/m; +4.1% y/y –Jan Core Output Prices +0.3% m/m; +2.4% y/y –Jan Producer Input Prices +0.5% m/m; +7.0% y/y ———————————————————————— Output prices rose 0.5% m/m in Jan and rose 4.1% y/y, following a yearly increase of 4.8% in Dec, the lowest level of inflation since Nov 2010. Analysts [...]

In line with expectations

Annually the lowest since Nov 2010 Jan Core producer output prices +0.3% m/m, +2.4% (exp +2.3%) y/y, lowest since Feb 2010 Jan Input prices +0.5% m/m, +7% (exp 6.7) y/y, lowest ssince Nov 2009  

Been watching this cross closely this year and after Tuesday’s 1.2133 low it’s been all one way with  a break up through 1.2400 this morning.  Weak China trade data overnight,particularly the drop in Iron ore imports, is sucking the life out of AUD/USD today but there are solid bids down at 1.0650 apparently, and there was [...]

Apologies for the lack of coverage this morning but i had commitments and Gerry’s got the day off. Doesn’t look like  a whole lot’s going on as market waits for headlines. The marginally weaker Swiss CPI  has had little impact but does seem to  back up SNB’s belief that the cap is necessary and  wouldn’t [...]

BERLIN (MNI) – The German parliament will most likely approve the financial aid for Greece if the country meets its obligations set by official lenders, key lawmakers from Chancellor Angela Merkel’s CDU/CSU-FDP government coalition said Friday. “I firmly believe” that there will be a majority in parliament for the aid packages, Michael Meister, a vice [...]

vs expectations of -0.3% and -0.7% Surprisingly muted reaction with EUR/CHF sitting unchanged just above 1.2100  

PARIS (MNI) – European Central Bank Governing Council member Christian Noyer said Friday that all Greek political parties must accept the economic restructuring measures demanded by official lenders. The governor of the Bank of France said in a radio interview that “all political parties must support the implementation of a recovery plan that is indispensable [...]

FRANCE DATA: Dec industry output -1.4% m/m; Nov +1.1% m/m (+1.1%) – Below expected; MNI analysts survey median forecast -1.0% m/m – 4Q industry output -0.8% q/q; 3Q +0.6% q/q – Dec mfg output -1.4% m/m after Nov +1.4% m/m (+1.3%) – See MNI MainWire for details

FRANCE DATA: Dec current account deficit widened to E3.0 bln from E2.1 bln in Nov (revised from E2.3 bln) - Bigger merchandise goods shortfall (-E5.4 bln vs -E4.3 bln) offset - Larger services surplus (+E1.5 bln vs +E1.2 bln). - Revenues surplus stable (+E3.2 bln) - Transfers deficit stable (-E2.3 bln)

Main focus will likely be  the Swiss Jan CPI release at 0815GMT which could have some serious implications for the SNB’s EUR/CHF peg. After that there’s the Jan UK PPI release at 0930GMT NY focus will be on the Dec trade balance at 1330GMT and the Michigan consumer sentiment at 1455GMT Gerry’s off today and [...]

Final HICP January: -0.5% m/m, +2.3% y/y (unrevised) December: +0.7% m/m, +2.3% y/y Final CPI January: -0.4% m/m, +2.1% y/y (revised up from +2.0% y/y) December: +0.7% m/m, +2.1% y/y – FRANKFURT (MNI) – German consumer price inflation in January was revised up to an annual rate of 2.1% from 2.0%, underpinned by energy costs, [...]

GERMANY DATA: January HICP unrev -0.5% m/m, unrev +2.3% y/y – Germany January final HICP matches all MNI median fcast – Germany January CPI unrev -0.4% m/m, rev to +2.1% y/y (+2.0%) – Germany January m/m final CPI matches MNI median fcast – Germany January y/y final CPI above all fcasts (MNI median +2.0%) – [...]

Fairly sizeable expiries reported around 1.3300, NY cut, which should ensure plenty of range trading.