Latest data released by INSEE - 30 January 2018
- Prior q/q +0.6%
- GDP y/y +2.4% vs +2.3% expected
- Prior y/y +2.3%
Solid numbers once again from France, as the +2.4% y/y reading is the highest since 2011. Similarly, if these numbers are final, French GDP would have grown by +1.9% in 2017 compared to the +1.1% in 2016. That's also the highest since 2011.
EUR/USD still on the lower side as dollar strength prevails, now at 1.2359. EUR/GBP a little higher on the day at 0.8805.
