Latest data released by Destatis - 31 January 2018
- Prior m/m +2.3%; revised to +1.8%
- Retail sales y/y -1.9% vs +2.8% expected
- Prior y/y +4.4%; revised to +4.3%
Delay in the data release, as I highlighted earlier in the month if you need a reminder.
Poor figures overall, though they could be seasonal and it is generally volatile. The euro remains rather unchanged, with EUR/USD now at 1.2442. Meanwhile, EUR/GBP is at 0.8760 as sterling continues to gain further on the day. EUR/CHF still at 1.1600.
