German trade association head Anton Boerner talking to Reuters 29 Aug
- German exports are set for stagnation, possibly as early as 2017
- cites global uncertainties inc Brexit
- cuts forecast for 2016 export growth to 1.8-2.0% vs 4.5% previously.
Not good reading from either side of the channel.
EURUSD a little lower as yen demand continues to drive core pairs lower. EURGBP up a tad at 0.8542.
The BGA, the Federation of German Wholesale, Foreign Trade and Services, is the leading organization for the wholesale, foreign trade and service sector in the Federal Republic of Germany. It was originally founded in 1916, and re-founded after the Second World War (1949).
