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  • EURUSD eyeing 1.20 and beyond adds to the dovish pressure on the ECB ahead of the January HICP…
  • …A EURUSD move above 1.22 in coming weeks would likely lower the ECB’s core inflation forecast.
  • Italian survey data support our view that a turn in the inventory cycle boosted Q4 GDP.

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Keywords for: 29 January 2026 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence