Germany's DHK raises 2017 GDP forecast to 2.0% vs 1.8% prev

Germany's DHK Chambers of Commerce out with latest thoughts 19 Oct

• 2018 GDP 2.2%
• gross investments to rise 3.3% in 2017, 3.9% in 2018
• exports to rise 4.0% in 2017, 4.5% in 2018
• imports to rise 4.5% in 2017, 5.0% in 2018
• German companies see shortage of skilled labour and rising labour unit costs as main risks

Upbeat but understandably with a note of caution.

EURUSD currently 1.1812 after 1.1823 session highs EURGBP also off session highs at 0.8951 but both seemingly underpinned for the moment.

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