So says a group of German government advisers 8 Nov

Hold the front page. On the other hand, don't bother. We wouldn't be expecting anything else from this group ( The German Council of Economic Experts)

  • risks to financial stability also speak for normalisation of monetary policy

  • ECB should publish a strategy for monetary normalisation to reduce risk of volatility on financial markets

  • risks in the financial system have increased further as a result of the low interest rate policy

  • German economy is gradually heading toward a boom phase

  • German economy to grow by 2.0 Pct In 2017 (Previous Forecast +1.4 Pct)

  • German economy to grow by 2.2 Pct In 2018 (Previous Forecast +1.6 Pct)

Full annual report here

EURUSD still steady around 1.1600 but EURGBP nudging up again at 0.8836 pushing GBPUSD down to 1.3113