Germany July PPI report now out 18 Aug

  • 0.0% prev
  • yy 2.3% vs 2.2% exp vs 2.4% prev

Better than expected producer price index data and that will feed into headline inflation in due course if sustained.

EURUSD unfazed at 1.1735 EURGBP still 0.9102 as we wait on European desks to make their move.

German PPI