German exports fell more than expected

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Source: Bloomberg
German exports adjusted for seasonal changes shrunk 3.4% in November comparing with the previous month, as the Federal Statistics Office announced on Tuesday. Exports declined faster than a 0.5% economists' prediction. Imports of the biggest Euro Union member decreased by 3.7%. The sovereign debt crisis and weaker demand are markedly hurting German economy.
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Tue, 08 Jan 2013 09:01:08 GMT

Pound slips to a month low on retail data

The Pound depreciated by 0.2% to $1.6059 in early London trading session on Tuesday. The British Sterling approaches the lowest levels against the U.S. Dollar in a month, as the Statistics Department announced that retail sales expanded by 0.3% in December, slowing from a 0.4% gain November and being worse than a 0.5% economists' prediction. The Pound weakened by 0.4%

Tue, 08 Jan 2013 13:04:09 GMT

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