Latest data released by Destatis - 27 June 2019

  • Prior +0.4%
  • CPI +1.5% y/y
  • Prior +1.4%

Follows the other state readings that we're seeing in that annual inflation is seen improving in June relative to the May figure. This will continue to add to the upside bias ahead of the national reading later at 1200 GMT.

EUR/USD continues to hold steady on the day near flat levels at 1.1367 currently.