Latest forecasts from the BUBA now out
- inflation forecast cut to +0.2% vs +0.5%
- 2016 GDP unchanged at +1.8%, inflation reduced to +1.1% vs +1.8% prev
- 2017 GDP +1.7%, inflation +2%
Realistic inflation revisions and still hopeful of reaching the 2% nirvana in 2 years
EURUSD now chewed through some demand into 1.0880 but EURGBP finding support into 0.7200 which has dragged cable down through 1.5100
