Latest data released by Destatis - 14 December 2018
- Prior +0.3%
- Wholesale price index +3.5%
- Prior +4.0%
Slight delay in the release by the source. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern. Wholesale prices continue to go up and that's a positive as it sends the signal that domestic demand remains relatively robust in Q4 for the German economy; probably the only bright spot though.
A minor data release on the day. EUR/USD sits at 1.1351 currently, near the lows for the session but still in a narrow range. EUR/GBP is up to 0.8998 as the pound is holding weaker against the likes of the euro, dollar, and yen.
