Germany January retail sales 3 March

  • -0.9% prev
  • yy 2.3% vs 0.7% exp vs 0.4% prev revised up from -1.1%

Horrible mm headline vs expectations.. Rising prices once again showing their impact as inflation grows. YY a stronger reading though with better revision.

Textiles , clothes and shoes the laggards.

The data is invariably volatile and often subject to revision

EURUSD steady around 1.0525 as is EURGBP at 0.8580 and EURJPY at 120.10