Latest data released by Destatis - 10 December 2018
- Prior €18.4 billion; revised to €18.3 billion
- Current account balance €15.9 billion vs €18.8 billion expected
- Prior €21.1 billion
- Exports +0.7% vs +0.4% m/m expected
- Prior -0.8%; revised to -0.7%
- Imports +1.3% vs +0.5% m/m expected
- Prior -0.4%; revised to -0.1%
Slight delay in the release by the source. The good news here is that exports data shows a significant improvement relative to September and that's a positive takeaway for policymakers hoping for an economic rebound to come in Q4. The release here is a minor one but this will feed into overall sentiment in the bigger picture.
EUR/USD sits at 1.1430 currently with EUR/GBP up to session highs of 0.8977 as the pound remains tepid ahead of tomorrow's Brexit vote in parliament.
