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ECB survey: Eurozone Consumer Inflation Expectations fall to 2.6% over next 12 months in June

The latest monthly Consumer Expectations Survey by the European Central Bank showed on Tuesday that Eurozone inflation is expected to extend its downtrend for the year ahead in June.

Key takeaways

Inflation expectations one-year ahead down to 2.6% vs 2.8% prior.

Three and five years ahead unchanged at 2.4% and 2.1% respectively.

GBP: Out-sized move in EUR/GBP – ING

We saw a huge move lower in EUR/GBP yesterday, ING’s FX analyst Chris Turner notes.
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Comex Copper slumps as Chile seeks tariff exemption – ING

Copper prices on Comex slumped after Chile’s finance minister said the country will push for an exemption for a planned US tariff on the metal. Trade talks between the US and Chile started in Washington on Monday, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
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