diff --git a/src/pricehist/cli.py b/src/pricehist/cli.py
index 8909a5b..1630aad 100644
--- a/src/pricehist/cli.py
+++ b/src/pricehist/cli.py
@@ -38,7 +38,7 @@ def cmd_fetch(args):
     source = sources.by_id[args.source]()
     output = outputs.by_type[args.output]()
     prices = source.fetch(args.pair, args.start, args.end)
-    print(output.format(prices))
+    print(output.format(prices), end="")
 
 
 def build_parser():
diff --git a/src/pricehist/outputs/gnucashsql.py b/src/pricehist/outputs/gnucashsql.py
index 9d838c5..fddbf44 100644
--- a/src/pricehist/outputs/gnucashsql.py
+++ b/src/pricehist/outputs/gnucashsql.py
@@ -1,5 +1,6 @@
 import hashlib
 from datetime import datetime
+from importlib.resources import read_text
 
 from pricehist import __version__
 
@@ -9,7 +10,7 @@ class GnuCashSQL:
         source = "pricehist"
         typ = "unknown"
 
-        values = []
+        values_parts = []
         for price in prices:
             date = f"{price.date} 00:00:00"
             m = hashlib.sha256()
@@ -33,54 +34,15 @@ class GnuCashSQL:
                 f"{value_denom}"
                 ")"
             )
-            values.append(v)
+            values_parts.append(v)
+        values = ",\n".join(values_parts)
 
-        comma_newline = ",\n"
-        sql = f"""\
--- Created by pricehist v{__version__} at {datetime.utcnow().isoformat()}Z
-
-BEGIN;
-
--- The GnuCash database must already have entries for the relevant commodities.
--- These statements fail and later changes are skipped if that isn't the case.
-CREATE TEMPORARY TABLE guids (mnemonic TEXT NOT NULL, guid TEXT NOT NULL);
-INSERT INTO guids VALUES ('{price.base}', (SELECT guid FROM commodities WHERE mnemonic = '{price.base}' LIMIT 1));
-INSERT INTO guids VALUES ('{price.quote}', (SELECT guid FROM commodities WHERE mnemonic = '{price.quote}' LIMIT 1));
-
--- Create a staging table for the new price data.
--- Doing this via a SELECT ensures the correct date type across databases.
-CREATE TEMPORARY TABLE new_prices AS
-SELECT p.guid, p.date, c.mnemonic AS base, c.mnemonic AS quote, p.source, p.type, p.value_num, p.value_denom
-FROM prices p, commodities c
-WHERE FALSE;
-
--- Populate the staging table.
-INSERT INTO new_prices (guid, date, base, quote, source, type, value_num, value_denom) VALUES
-{comma_newline.join(values)}
-;
-
--- Get some numbers for the summary.
-CREATE TEMPORARY TABLE summary (description TEXT, num INT);
-INSERT INTO summary VALUES ('staged rows', (SELECT COUNT(*) FROM new_prices));
-INSERT INTO summary VALUES ('existing rows', (SELECT COUNT(*) FROM new_prices tp, prices p where p.guid = tp.guid));
-INSERT INTO summary VALUES ('additional rows', (SELECT COUNT(*) FROM new_prices WHERE guid NOT IN (SELECT guid FROM prices)));
-
--- Insert the new prices into the prices table, unless they're already there.
-INSERT INTO prices (guid, commodity_guid, currency_guid, date, source, type, value_num, value_denom)
-SELECT tp.guid, g1.guid, g2.guid, tp.date, tp.source, tp.type, tp.value_num, tp.value_denom
-FROM new_prices tp, guids g1, guids g2
-WHERE tp.base = g1.mnemonic
-  AND tp.quote = g2.mnemonic
-  AND tp.guid NOT IN (SELECT guid FROM prices)
-;
-
--- Show the summary.
-SELECT * FROM summary;
-
--- Show the final relevant rows of the main prices table
-SELECT 'final' AS status, p.* FROM prices p WHERE p.guid IN (SELECT guid FROM new_prices) ORDER BY p.date;
-
-COMMIT;
-"""
+        sql = read_text("pricehist.resources", "gnucash.sql").format(
+            version=__version__,
+            timestamp=datetime.utcnow().isoformat() + "Z",
+            base=price.base,
+            quote=price.quote,
+            values=values,
+        )
 
         return sql
diff --git a/src/pricehist/resources/__init__.py b/src/pricehist/resources/__init__.py
new file mode 100644
index 0000000..e69de29
diff --git a/src/pricehist/resources/gnucash.sql b/src/pricehist/resources/gnucash.sql
new file mode 100644
index 0000000..03f6f58
--- /dev/null
+++ b/src/pricehist/resources/gnucash.sql
@@ -0,0 +1,44 @@
+-- Created by pricehist v{version} at {timestamp}
+
+BEGIN;
+
+-- The GnuCash database must already have entries for the relevant commodities.
+-- These statements fail and later changes are skipped if that isn't the case.
+CREATE TEMPORARY TABLE guids (mnemonic TEXT NOT NULL, guid TEXT NOT NULL);
+INSERT INTO guids VALUES ('{base}', (SELECT guid FROM commodities WHERE mnemonic = '{base}' LIMIT 1));
+INSERT INTO guids VALUES ('{quote}', (SELECT guid FROM commodities WHERE mnemonic = '{quote}' LIMIT 1));
+
+-- Create a staging table for the new price data.
+-- Doing this via a SELECT ensures the correct date type across databases.
+CREATE TEMPORARY TABLE new_prices AS
+SELECT p.guid, p.date, c.mnemonic AS base, c.mnemonic AS quote, p.source, p.type, p.value_num, p.value_denom
+FROM prices p, commodities c
+WHERE FALSE;
+
+-- Populate the staging table.
+INSERT INTO new_prices (guid, date, base, quote, source, type, value_num, value_denom) VALUES
+{values}
+;
+
+-- Get some numbers for the summary.
+CREATE TEMPORARY TABLE summary (description TEXT, num INT);
+INSERT INTO summary VALUES ('staged rows', (SELECT COUNT(*) FROM new_prices));
+INSERT INTO summary VALUES ('pre-existing rows', (SELECT COUNT(*) FROM new_prices tp, prices p where p.guid = tp.guid));
+INSERT INTO summary VALUES ('additional rows', (SELECT COUNT(*) FROM new_prices WHERE guid NOT IN (SELECT guid FROM prices)));
+
+-- Insert the new prices into the prices table, unless they're already there.
+INSERT INTO prices (guid, commodity_guid, currency_guid, date, source, type, value_num, value_denom)
+SELECT tp.guid, g1.guid, g2.guid, tp.date, tp.source, tp.type, tp.value_num, tp.value_denom
+FROM new_prices tp, guids g1, guids g2
+WHERE tp.base = g1.mnemonic
+  AND tp.quote = g2.mnemonic
+  AND tp.guid NOT IN (SELECT guid FROM prices)
+;
+
+-- Show the summary.
+SELECT * FROM summary;
+
+-- Show the final relevant rows of the main prices table
+SELECT 'final' AS status, p.* FROM prices p WHERE p.guid IN (SELECT guid FROM new_prices) ORDER BY p.date;
+
+COMMIT;