IFO Institute out with latest forecasts 20 June

  • 2017 1.8% vs 1.5% prev
  • 2018 2.05 vs 1.85 prev

Since start of 2017 political risks linked to Brexit and Trump have decreased.

Really? Good luck on that glass half-full stance.

  • sees ECB starting to exit bond-buying programme next year as EZ recovery firms up

Meanwhile EURUSD trading 1.1140-60 contained by large option expiries and EURGBP still testing 0.8800. More offers/res nearby to help cap.