So says the German private banking association 9 Jan

No surprises there then.

  • Eurozone monetary union has not overcome all its problems
  • time for ECB to start a very careful change in policy direction, also due to inflation
  • higher interest rates would be good for banks, economy and savers
  • low interest rates are a huge problem for banks

I wonder if Draghi & Co are listening.

Meanwhile EURGBP hit immediate target of 0.8680 and retreated to 0.8645 lifting GBPUSD to 1.2157 from 1.2124