Brandenburg March CPI mm +0.3% vs +0.5% prev

Brandenburg March CPI report 30 March

• yy 1.4% vs 2.0% prev
• Bavaria mm+0.4% vs +0.6% prev
• yy +1.7% vs +2.1% prev
• Hesse mm 0.0% vs +0.6% prev
• yy 1.7% vs 2.5% prev

Softer tones following on from the Saxony reading earlier and adding to pressure on the euro.

EURUSD 1.0733 EURGBP 0.8645 which is helping to underpin GBPUSD.

Full German flash reading due at 12.00 GMT but after these regional indicators we won't be expecting a surprise to the upside.