BUBA says Germany’s strong momentum has held up in Q3

German Bundesbank out with their monthly report 23 Oct

  • industry to continue supporting growth
  • construction output levelled out
  • inflation to dip towards year-end on base effect.
  • pvt consumption could ease back but no lasting deterioration seene
  • German economy remains in a strong upturn
  • the order situation at German industrial firms is «excellent»

Another upbeat report albeit pointing to inflation concerns still

EURUSD 1.1740 near session lows of 1.1735 after chewing through bids/support between 1.1745-50 as general EUR supply and USD demand continues.

EURGBP testing 0.8900 again after failing above 0.8920 and helping to put a bid under cable still.

                   BUBA seeing strong momentum still

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