ECB survey of professional forecasters: 2018 GDP growth seen at 1.9% Vs 1.8% previous

The latest ECB survey of professional forecasters was published this Friday and here are the key takeaways from the report: 

   •  2019 GDP 1.7% vs 1.6% previous survey in July
   •  2022 inflation forecast at 1.9% vs 1.8% 3 months ago; 2018 and 2019 forecasts unchanged
   •  Unemployment rate expectations were again revised downwards at all horizons, 9.1%, 8.6% and 8.2% for 2017, 2018 and 2019, respectively.
   •  The average point forecast for the longer-term unemployment rate was revised downwards by 0.2 percentage points to 7.9%

EUR futures: selling pressure gathers traction

According to CME Group’s flash data for EUR futures markets, open interest dropped by just 50 contracts on Thursday vs. Wednesday’s 444,685 contracts.
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Spain’s PM Rajoy urges Senate to support proposal on Article 155

Spain’s PM Rajoy is on the wires now, via Reuters, speaking before the Parliament. Key Points: Asks Spanish Senate to support proposal on Article 15
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