ECB president Draghi with interview in El Pais and reported by Reuters 30 Nov

  • ECB has the instruments to reach it
  • sees no asset bubbles in Eurozone
  • forecasts that EZ inflation will be around 2% target by 2018/19
  • Spain is growing more but remains vulnerable
  • EZ recovery is modest but firm
  • European integration has been weakened by populism
  • the longer the Brexit talks stretch out, the longer uncertainty will last

Nothing of note or that we haven't heard before.

Meanwhile EURUSD trawling along the bottom of its 1.0630 drop from 1.0660 in Asia.

EURGBP failing to make much further headway and USDJPY once again giving up on gains above 112.85

Draghi suitably dressed for an interview with Spanish paper El Pais