Germany: Import Price Index (YoY) falls 2.2% in June; (MoM) drops 0.8%

Jul 26, 2013

EUR/GBP lurking below Fibonacci resistance at 0.8631 and 0.8646 ahead of data

The EUR/GBP cross bounced as high as 0.8643 Thursday but finished well off the highs and below Fibonacci resistance at 0.8631 as traders wait for German import price and British house price data

Germany: Annual Import Price Index slides 2.2% in June

On an annual basis the German Import Price Index dropped 2.2% in June, following a 2.9% decline in May, according to data released today by the Deutsche Bundesbank.