Latest data released by the National Statistics Institute - 31 October 2018

  • Prior +0.6%
  • Flash GDP +2.5% vs +2.5% y/y expected
  • Prior +2.5%

In-line with expectations and similar to Q2 figures. Doesn't do much to take away the sentiment that we saw after the disappointing Eurozone readings yesterday though. EUR/USD still holds steady at 1.1350, in a narrow range so far today. EUR/GBP likewise at 0.8918 and EUR/JPY still near the highs at 128.47.