EU Mar Consumer Price Index (YoY) declines to 1.7% vs 1.8% (Feb)

The EUR/GBP first dropped as low as 0.8469 on the London opening but eventually jumped back to 0.8490 on the release of UK PMI Construction that rose from 46.8 to 47.2 in March, although staying below the 47.5 consensus. As of writing, the cross is quoting around 0.8480. Also out was the preliminary release of EMU CPI in March, coming in at 1.7% from 1.8%, as expected.