Germany’s Merkel to try and start discussions with FDP and Greens but also SPD

German chancellor Merkel out with a post-election statement 25 Sept

  • of course we had hoped for a better result
  • will discuss causes for election result in party meeting after 15 Oct
  • optimistic that CDU and CSU can find solution on dispute about refugee cap
  • all parties have a responsibility to ensure that Germany will have a stable govt
  • Europw will be topic in upcoming coalition talks, Conservatives want stronger Europe that yields more jobs
  • will not set out red lines on Europe policy now

I’ve posted other articles/thoughts on the German election :

  • EURGBP sliding as European desks evaluate German election fallout
  • Germany’s FDP say they are prepared for coalition negotiations
  • IFO says Germany can not rule out new election
  • EURUSD orders 25 Sept — German election result in focus
  • ForexLive morning news wrap: German election result casts a shadow over the euro

EURUSD still around session lows at 1.1872 EURGBP finding support around 0.8785 again helping to push GBPUSD down to 1.3470 support/demand area after early 1.3571 highs.

Good opportunities this morning.  I have to head away now.See you all back here tomorrow.

Heads up: Draghi speaking at 13.00 GMT Introductory statement by the President at the ECON Hearing at the European Parliament in Brussels.

   A 4th term for Merkel but at what price ?

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