EU Commission raises 2017 GDP forecast to 2.2% vs 1.7% prev

EU Commission out with latest forecasts 9 Nov

  • fastest rate for 10 years
  • all EU 2017 GDP f/c up to 2.3% vs 1.9% prev, 2018 2.1% 2019 1.9%
  • EZ inflation 2017 yy 1.5%, 2018 1.4%, 2019 1.6%
  • UK 2017 GDP f/c cut to 1.5% from 1.8%, 2018 1.3%, 2019 1.1%

More pointless paper being printed.
Meanwhile GBPUSD pops down further to test 1.3090 area again
as EURGBP nudges up to 0.8865
. USDJPY lower too at 113.43 so some GBJPY selling going on again imho

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