More caution being advised by German government
– lowers 2016 import growth forecast to 4.8% vs 5.3% prev
Meanwhile EURGBP has made further gains through 0.7610 and pushing GBPUSD down to fresh session lows of 1.4285 where more bids/support await.
German economic ministry lowers 2016 export growth forecast to 3.2% vs 4.2% prev
