Canada: GDP expanded 0.1% MoM in April

EUR/GBP has continued to test the upside although at a slow grinding pace and still shy of overnight highs. The pair benefited most recently from German CPI and the Harmonised Index of Consumer prices, both printing better than expectations and previous yoy’s. German CPI came as 1.8% vrs 1.5% previous and Harmonised Index came as 1.9% vrs 1.6% previous and 1.8% consensus.