More regional German June CPI data 29 June

  • yy +1.5% vs 1.4% prev
  • Bavaria mm +0.1% vs -0.1% prev
  • yy 1.4% as prev
  • Baden-Wuerttemberg mm +o.1% vs -0.1% prev
  • yy 1.6% vs 1.55 prev
  • Hesse mm +0.1% vs 0.0% prev
  • yy 1.9% vs 1.7% prev

Trend developing here so as usual the German composite later at 12.00 GMT will not be much of a surprise.

German bund yield continues to rise to 5-week highs and EURUSD still enjoying the ride at 1.1433 with EURGBP back above 0.8805 and helping to cap cable as per printed programme.

EURJPY on session highs at 127.73 as USDJPY breaks up through 112.50 to post 112.63