Germany December retail sales mm -0.9% vs +0.6% exp

Germany December retail sales report 31 Jan

• -1.7% prev revised down from -1.8%


• yy -1.1% vs +0.5% vs +3.5% prev revised up from +3.2%

Forecasters getting it wrong but slight improvement mm vs weaker yy.

Not going to change much right now but not welcome news either.

EURUSD on session lows at 1.0690 in general USD demand. EURGBP still underpinned around 0.8554

Germany December retail sales mm -0.9% vs +0.6% exp
Germany December retail sales mm -0.9% vs +0.6% exp
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