ECB Draghi's press conference now under way 8 March

  • underlying inflation subdued
  • inflation to hover around 1.55 for remainder of 2018
  • will rise after supported by mon pol measures
  • will continue to monitor fx developments
  • EZ growth risks broadly balanced
  • downside risk inc rise in global protectionism

Hello Don. Message from Mario!

  • raises 2018 GDP f/c to 2.4% vs 2.3%
  • HICP: 1.4% in 2018 (prev 1.4%), 1.4% in 2019 (prev 1.5%), 1.7% in 2020 (prev 1.7%)

Watch the Draghster unveil his magic here

Meanwhile EURUSD rises to 1.2447 as USD supply returns. EURGBP up to 0.8951 as GBPUSD capped around 1.3900 per my previous post.