lacker, resigns after admitting he may have leaked market sensitive data as former policymaker dennis lockhart tells cnbc communication between fed presidents has become more compl complex. >> the presidents can say whatever they want, and that creates conflicting views, it's hard for market participants to figure out what the message. >>> uk prime minister theresa may says free movement of uk citizens could continue for a period of britain leaves the eu. >>> the french presidential candidate, emmanuel macron accuses marine le pen of waging economic war, but it is france's far-left leader, jean-luc melenchon who is tipped to win the second debate. >>> investors in bovis homes cheers that the deal to end embattled bovis has ended. >>> good morning. it's wednesday, let's kick things off with a bit of economic data in the form of market. eurozone march final composite pmi at 56.4. a bit lower than the flash indication of 56.7. still better than the february number of 56. this print, 56.4, is the highest since february of 2011.release, saying eurozone businesses enjoyed the best quarter since the

earlier this morning, dennis lockhart who served with lacker told cnbc the incident was regrettable.t could very well be inadvertent. a mind lapse where you're not thinking about the timing. this was a few days before the minutes were to come out. so the leak, as i recall the details, involved disclosing information in advance of the minutes which, of course, is a no-no. you know, jeff has been a -- for me, a valued colleague for many years. i just think this is a regrettable set of circumstances. >> the richmond fed says it is looking for a replacement in the interim the first vice president will serve as acting president. guys, back over to you. >> strange story. that was a wow headline yesterday. landon, thank you. >> thanks. >>> no real move in markets on the back of this, but a sign that this fed will change a lot in its shape. >> a lot of appointments. >> this is a regional fed president, it's not appointed by the president, but he has some picks, he was a noted hawk, lacker of richmond. so in a year or two this fed will be very different. >>> speaking of departures of the fed,

former atlanta fed president dennis lockhart he responded to the news surrounding his former colleaguewith cnbc europe. >> the leak involved disclosing information in advance of the minutes, which is, of course, a no-no. and, you know, jeff has been a, for me, a very valued colleague for many years. so i just think this is a regrettable set of circumstances. >> and barclays out with a note this morning on the affair saying quote we view the main effects of today's announcement as a significant loss of fed credibility. which will give ammunition to those who think fed decisions need greater scrutiny, end quote. now significant questions remain unanswered. lacker says he only inadvertently confirmed what the analyst already had. so guys, it remains possible that we still don't know who the original leaker of the information is. and, it's a question i'll put to dan tarullo, fed governor who is leaving today. not if he was the original leaker, but if he knows anything more about this and his reaction to it. i thought you might pick up on that becky. >> steve -- >> 8:15 this morning. >> and