BUBA boss and ECB governing council's Weidmann in scheduled speech 8 Feb

  • euro appreciation unlikely to jeopardise expansion
  • no sign of EZ growth abating anytime soon
  • recent German wage deal supports expectation for gradually rising inflation
  • should not be unsettled by recent stock market sell-off
  • ECB policy should remain loose beyond QE

Cautious tones again from Weidmann but upbeat on EZ economy.

EURUSD up a tad at 1.2252 as is EURGBP 0.8831 and EURJPY at 134.33 but sellers remain poised.