ECB Q2 Survey of Professional Forecasters just out on Reuters

  • 2105 HICP 1.3% vs 1.45 prev Q1 forecast
  • 2016 HICP 1.5% vs 1.7% prev
  • long term inflation expectations +1.8% vs 1.9 prev
  • 2014 GDP 1.1% vs 1.0% prev
  • 2015 GDP 1.5% as prev
  • 2016 GDP 1.7% a prev

Lower inflation forecasts all to throw into the ECB decision

EURUSD still on the back foot and this won’t help