Latest data released by Destatis - 19 December 2018
- Prior +0.3%
- PPI +3.3% vs +3.1% y/y expected
- Prior +3.3%
Slight delay in the release by the source. Decent beat relative to estimates here but as mentioned in the data docket preview, this is very much a non-significant release as it only provides a glimpse of inflationary pressures in the German economy. It is also a lagging indicator as we already had CPI figures for November earlier in the month.
EUR/USD still sits near the highs at 1.1386 currently. EUR/GBP is kept in a narrow range, settling at 0.8996 at the moment.