Latest data released by Destatis - 28 December 2018
- Prior +0.3%
- CPI +2.0% y/y
- Prior +2.7%
Softer inflation prints once again, goes in-line with what we have seen in all the other state readings as well. This sets up for a weaker national reading later relative to November, but if the softness is greater than expected, that would start to raise a couple of question marks over the ECB's inflation outlook in the coming months should the trend persist.
The euro is having a bit of a mood as it swings back to near session highs now with EUR/USD at 1.1463 while EUR/GBP sits at 0.9047 still very much range-bound.
