ECB Q3 Survey: 2017 GDP and core inflation revised upwards

Results of the Q3 2017 ECB Survey of Professional Forecasters 21 July

• HICP inflation expectations have been revised downwards for 2017, 2018 and 2019. Longer-term HICP inflation expectations remain unchanged at 1.8%.
• Expectations for HICP excluding food and energy have been revised upwards for 2017, but remained unchanged for forecast horizons further out.
• Real GDP growth expectations have been revised upwards for 2017, 2018 and 2019.
• Unemployment rate expectations have been revised downwards.

Full results here

EURUSD currently steady at 1.1645 after the retreat from 1.1677. EURGBP finding demand/support into 0.8950 and helping to push GBPUSD a little lower again.