Reuters out with the results of their latest poll 18 May

  • UK inflation to average 2.6% in 2017 and 2018 vs 2.7/2,6% prev
  • UK GDP to grow 1.7% in 2017 and 1.4% in 2018 vs 1.7/1.3% prev
  • BOE's UK GDP and inflation f/casts too optimistic

I can't disagree with any of this as regular readers will know.

GBPUSD not fussed though and continues up to 1.2978 with EURGBP down to 0.8578 . I warned earlier of GBP dip demand and upside data risk and we're seeing it play out.

Reuters ECB poll:

  • 31 from 43 economists say ECB will signal move away from ultra easy policy by Sept 2017
  • EZ GDP to grow 0.4% in each quarter Q2 2017-Q4 2018, same as prev

EURUSD currently still steady at 1.1137 with USD supply being negated by EURGBP and EURJPY selling.