*The UK GDP, which we tracked for February, did not change on a monthly basis, but grew by 0.1% on a quarterly basis and by 0.5% on an annual basis. Apart from this data, while the manufacturing sector came in at the level of 0.0% in February, industrial production decreased by 0.2%. The trade balance, on the other hand, gave a deficit of 17.53 billion pounds.
*The Producer Price Index (PPI) announced in the US for March remained below the expectations, decreasing by 0.5% monthly and increasing by 2.7% annually. Core PPI, which is calculated by excluding energy and food products, also decreased on a monthly basis and came in at -0.1%.
Particularly, the decline in the core PPI side largely eliminated the confusion in the Consumer Price Index, which came yesterday, and the first findings that inflation started to ease in the USA accelerated the loss of strength of the dollar index in the markets. The EURUSD parity climbed above 1.10 after the data and rose as high as 1.1060. The yellow metal side has approached the 2050 level. The US 10-year bond yield did not accompany this situation and held at 3.40%.
The statements of the FOMC members after the data may give clues about the possible moves of the FED towards the May and June meetings. We will follow these explanations and pricing.

The Weekly Unemployment Benefit Applications announced at the same time were 239 thousand.