UK and Germany macro readings (07:00 GMT)
Germany
Inflation PPI came in -7.9% y/y vs -7.5% exp. and 11% previously (-0.5% MoM vs -0.3% exp. and -0.1% previously)
- German GfK consumer sentiments: -25.1 vs -27 exp. and -27.8 previously
United Kingdom
Inflation CPI came in 3.9% y/y vs. 4.3% exp. and 4.6% previously (-0.2% MoM vs 0% exp. and 0.1% previously)
- Core CPI: 5.1% vs 5.5% exp. and 5.6% previously (-0.3% MoM vs 0.3% previously)
After much higher than expected inflation decline in UK, British pound sterling may see impending weakness.
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