Read more
7:03 AM · 30 May 2023

BREAKING: EUR drops after Spanish CPI data

-
-
Open account Download free app

Flash CPI data from Spain for May was released this morning at 8:00 am BST. Spanish inflation figures are closely watched as they tend to be released before other key inflation reports from EMU. Spanish inflation report came in below market expectations with annual price growth slowing from 4.1 to 3.2% YoY in May. On a monthly basis, prices dropped 0.1% MoM. EUR moved lower in a knee-jerk move. European equity markets also saw a drop but in this case reaction may have been distorted by launch of the European cash trading session.

Spain, CPI inflation for May

  • Annual: 3.2% YoY vs 3.5% YoY expected (4.1% YoY previously)
  • Monthly: -0.1% MoM vs 0.1% MoM expected (0.6% MoM previously)

EURUSD dropped after Spanish CPI release with the main currency pair looking back towards daily lows. Source: xStation5

5 February 2026, 1:46 PM

🔵 ECB Press Conference (LIVE)

5 February 2026, 1:18 PM

BREAKING: ECB maintains rates in line with expectations!💶

5 February 2026, 12:02 PM

BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉

5 February 2026, 8:28 AM

Economic calendar: Central banks overshadowed by stock market volatility (05.02.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits